Unison Asset Management LLC Decreases Position in CDW Co. (NASDAQ:CDW)

Unison Asset Management LLC trimmed its holdings in CDW Co. (NASDAQ:CDW) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,750 shares of the information technology services provider’s stock after selling 58 shares during the quarter. CDW comprises approximately 4.1% of Unison Asset Management LLC’s portfolio, making the stock its 12th largest holding. Unison Asset Management LLC’s holdings in CDW were worth $8,543,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. RDA Financial Network increased its holdings in shares of CDW by 3.0% during the 2nd quarter. RDA Financial Network now owns 1,587 shares of the information technology services provider’s stock worth $355,000 after buying an additional 46 shares during the last quarter. PDS Planning Inc increased its holdings in CDW by 4.3% in the 3rd quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 49 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in CDW by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,541 shares of the information technology services provider’s stock valued at $2,583,000 after purchasing an additional 54 shares during the last quarter. Profund Advisors LLC increased its holdings in CDW by 0.5% in the 2nd quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider’s stock valued at $2,791,000 after purchasing an additional 58 shares during the last quarter. Finally, OneAscent Wealth Management LLC increased its holdings in CDW by 2.5% in the 3rd quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider’s stock valued at $540,000 after purchasing an additional 58 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CDW shares. Redburn Atlantic started coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 price target for the company. Barclays decreased their price target on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Finally, Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and decreased their price target for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.63.

CDW Price Performance

CDW stock opened at $178.96 on Monday. The stock has a market cap of $23.85 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 5.03 and a beta of 1.05. The company has a fifty day simple moving average of $209.49 and a 200-day simple moving average of $218.42. CDW Co. has a 12-month low of $172.95 and a 12-month high of $263.37. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a return on equity of 58.31% and a net margin of 5.33%. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm posted $2.60 earnings per share. CDW’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts expect that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a $0.625 dividend. The ex-dividend date is Monday, November 25th. This is a boost from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a yield of 1.40%. CDW’s payout ratio is 30.32%.

About CDW

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.