Cox Capital Mgt LLC Sells 165 Shares of CDW Co. (NASDAQ:CDW)

Cox Capital Mgt LLC reduced its stake in CDW Co. (NASDAQ:CDWFree Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,178 shares of the information technology services provider’s stock after selling 165 shares during the quarter. Cox Capital Mgt LLC’s holdings in CDW were worth $1,580,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV increased its holdings in shares of CDW by 5.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 767 shares of the information technology services provider’s stock worth $196,000 after purchasing an additional 43 shares during the period. Prestige Wealth Management Group LLC increased its holdings in shares of CDW by 6.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 811 shares of the information technology services provider’s stock worth $184,000 after purchasing an additional 49 shares during the period. Scotia Capital Inc. increased its stake in CDW by 1.5% in the third quarter. Scotia Capital Inc. now owns 3,495 shares of the information technology services provider’s stock valued at $705,000 after acquiring an additional 50 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in CDW by 3.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,502 shares of the information technology services provider’s stock valued at $341,000 after acquiring an additional 50 shares during the last quarter. Finally, Diversified Trust Co increased its stake in CDW by 4.6% in the fourth quarter. Diversified Trust Co now owns 1,157 shares of the information technology services provider’s stock valued at $263,000 after acquiring an additional 51 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CDW. Stifel Nicolaus decreased their price objective on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI lifted their price objective on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Barclays decreased their price objective on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Citigroup cut their target price on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Read Our Latest Research Report on CDW

CDW Price Performance

CDW stock traded up $1.04 during midday trading on Friday, reaching $232.97. 373,262 shares of the stock were exchanged, compared to its average volume of 745,773. The company’s fifty day moving average is $228.76 and its 200-day moving average is $233.03. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. The firm has a market cap of $31.31 billion, a PE ratio of 28.86, a PEG ratio of 3.40 and a beta of 1.06. CDW Co. has a 52 week low of $170.96 and a 52 week high of $263.37.

CDW (NASDAQ:CDWGet Free Report) last posted its earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.15). The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.94 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. On average, sell-side analysts forecast that CDW Co. will post 9.67 EPS for the current year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, May 23rd. CDW’s payout ratio is 30.96%.

CDW Profile

(Free Report)

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.

Further Reading

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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