GAMMA Investing LLC Grows Position in CDW Co. (NASDAQ:CDW)

GAMMA Investing LLC lifted its holdings in CDW Co. (NASDAQ:CDW) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,017 shares of the information technology services provider’s stock after buying an additional 125 shares during the period. GAMMA Investing LLC’s holdings in CDW were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDW. Quest Partners LLC purchased a new stake in CDW in the 2nd quarter valued at $35,000. Canoe Financial LP acquired a new position in shares of CDW during the 3rd quarter valued at about $37,000. Fortitude Family Office LLC grew its holdings in shares of CDW by 350.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 133 shares during the period. Ashton Thomas Securities LLC acquired a new stake in CDW during the third quarter worth about $43,000. Finally, Covestor Ltd raised its stake in CDW by 80.1% during the third quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 109 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDW has been the subject of several analyst reports. Barclays dropped 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 note on Thursday, October 31st. Morgan Stanley raised their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered 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 note on Monday, October 28th. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and reduced their price target for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, Redburn Atlantic initiated coverage on shares of CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $241.75.

CDW Stock Performance

Shares of CDW opened at $179.29 on Tuesday. CDW Co. has a 1 year low of $168.43 and a 1 year high of $263.37. The stock has a market capitalization of $23.89 billion, a PE ratio of 21.92, a PEG ratio of 5.01 and a beta of 1.01. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The stock has a 50-day simple moving average of $181.59 and a 200-day simple moving average of $207.72.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 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 analyst estimates of $5.72 billion. During the same quarter last year, the firm earned $2.60 EPS. The company’s revenue was down 2.0% on a year-over-year basis. On average, analysts predict that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $0.625 dividend. The ex-dividend date was 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 1.39%. CDW’s dividend payout ratio (DPR) is currently 30.56%.

CDW 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.