Harbour Trust & Investment Management Co Buys 62 Shares of CDW Co. (NASDAQ:CDW)

Harbour Trust & Investment Management Co boosted its stake in CDW Co. (NASDAQ:CDW) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,869 shares of the information technology services provider’s stock after acquiring an additional 62 shares during the period. Harbour Trust & Investment Management Co’s holdings in CDW were worth $4,723,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. grew its holdings in CDW by 46.2% during the first quarter. Sunbelt Securities Inc. now owns 1,458 shares of the information technology services provider’s stock valued at $373,000 after purchasing an additional 461 shares during the period. Wealthcare Advisory Partners LLC bought a new position in shares of CDW during the 1st quarter worth $1,403,000. Hengehold Capital Management LLC purchased a new stake in CDW in the 1st quarter worth about $205,000. Tsfg LLC bought a new stake in CDW in the 1st quarter valued at about $26,000. Finally, Kathmere Capital Management LLC lifted its holdings in CDW by 7.9% during the first quarter. Kathmere Capital Management LLC now owns 2,525 shares of the information technology services provider’s stock valued at $646,000 after purchasing an additional 185 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Christine A. Leahy acquired 1,200 shares of CDW stock in a transaction dated Thursday, August 1st. The shares were purchased at an average cost of $216.15 per share, with a total value of $259,380.00. Following the completion of the purchase, the insider now owns 102,200 shares of the company’s stock, valued at $22,090,530. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

CDW Stock Up 0.7 %

CDW opened at $219.16 on Friday. The business’s fifty day simple moving average is $221.62 and its 200 day simple moving average is $225.16. CDW Co. has a 52 week low of $185.04 and a 52 week high of $263.37. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 2.03. The stock has a market cap of $29.45 billion, a PE ratio of 27.36, a P/E/G ratio of 3.42 and a beta of 1.03.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. As a group, research analysts expect that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, August 26th. CDW’s dividend payout ratio is currently 30.96%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CDW shares. Barclays lowered their price target on shares of CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup lowered CDW from a “buy” rating to a “neutral” rating and cut their price target for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.00.

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.