CDW Co. (NASDAQ:CDW) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its position in shares of CDW Co. (NASDAQ:CDW) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,915 shares of the information technology services provider’s stock after selling 81 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in CDW were worth $2,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Group AG lifted its holdings in CDW by 60.7% in the fourth quarter. UBS Group AG now owns 194,686 shares of the information technology services provider’s stock worth $44,256,000 after purchasing an additional 73,503 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of CDW by 16.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 49,011 shares of the information technology services provider’s stock valued at $11,141,000 after acquiring an additional 6,799 shares in the last quarter. Cerity Partners LLC increased its stake in shares of CDW by 44.9% during the fourth quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider’s stock valued at $3,308,000 after acquiring an additional 4,511 shares during the period. Rafferty Asset Management LLC raised its holdings in CDW by 157.3% during the fourth quarter. Rafferty Asset Management LLC now owns 90,362 shares of the information technology services provider’s stock worth $20,541,000 after purchasing an additional 55,239 shares in the last quarter. Finally, Insight Wealth Strategies LLC acquired a new stake in CDW in the first quarter worth approximately $3,940,000. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

Shares of NASDAQ:CDW traded down $0.22 during trading on Friday, reaching $223.84. The stock had a trading volume of 2,054,204 shares, compared to its average volume of 891,495. The stock has a fifty day simple moving average of $227.37 and a two-hundred day simple moving average of $233.76. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35. CDW Co. has a 52 week low of $176.89 and a 52 week high of $263.37. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 3.30 and a beta of 1.06.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.15). The firm had revenue of $4.87 billion during 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%. As a group, analysts anticipate that CDW Co. will post 9.67 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Friday, May 24th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.48 annualized dividend and a dividend yield of 1.11%. CDW’s dividend payout ratio is presently 30.96%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CDW. Evercore ISI lifted their price target on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Stifel Nicolaus dropped their price target on shares of CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price target on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Citigroup lowered their price objective on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 target price for the company in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

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.