Quotient Wealth Partners LLC Has $219,000 Holdings in CDW Co. (NASDAQ:CDW)

Quotient Wealth Partners LLC decreased its position in shares of CDW Co. (NASDAQ:CDW) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,257 shares of the information technology services provider’s stock after selling 89 shares during the period. Quotient Wealth Partners LLC’s holdings in CDW were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in CDW by 332.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,954 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 1,502 shares during the last quarter. Carnegie Investment Counsel increased its stake in shares of CDW by 1.7% in the third quarter. Carnegie Investment Counsel now owns 4,674 shares of the information technology services provider’s stock valued at $1,058,000 after buying an additional 80 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of CDW by 50.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,398 shares of the information technology services provider’s stock valued at $543,000 after buying an additional 807 shares during the last quarter. Creative Planning lifted its position in CDW by 2.1% during the 3rd quarter. Creative Planning now owns 14,255 shares of the information technology services provider’s stock worth $3,226,000 after buying an additional 297 shares in the last quarter. Finally, Washington Capital Management Inc. bought a new stake in CDW during the 3rd quarter worth about $204,000. Institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CDW has been the topic of a number of research reports. UBS Group reduced their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Redburn Atlantic assumed coverage on CDW in a report on Friday, November 15th. They set a “buy” rating and a $230.00 price objective on the stock. Barclays lifted their target price on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Morgan Stanley upped their price target on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered CDW from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.67.

CDW Stock Down 0.2 %

NASDAQ:CDW opened at $191.57 on Tuesday. The stock’s fifty day simple moving average is $184.08 and its 200-day simple moving average is $201.70. The firm has a market capitalization of $25.53 billion, a P/E ratio of 24.04, a P/E/G ratio of 5.40 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. CDW Co. has a 12-month low of $168.43 and a 12-month high of $263.37.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Equities research analysts expect that CDW Co. will post 9.35 earnings per share for the current year.

CDW declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 5th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 25th. CDW’s payout ratio is presently 31.37%.

CDW Company Profile

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.