5,968 Shares of CDW Corporation $CDW Bought by First Command Advisory Services Inc.

First Command Advisory Services Inc. purchased a new stake in CDW Corporation (NASDAQ:CDW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,968 shares of the information technology services provider’s stock, valued at approximately $765,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of CDW in the second quarter valued at $2,143,082,000. Pzena Investment Management LLC purchased a new stake in CDW during the 2nd quarter worth about $371,135,000. Jupiter Topco LLC purchased a new stake in CDW during the 2nd quarter worth about $300,073,000. Bank of America Corp DE purchased a new stake in CDW during the 2nd quarter worth about $255,058,000. Finally, Assenagon Asset Management S.A. boosted its stake in CDW by 2,947.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,757,584 shares of the information technology services provider’s stock worth $225,252,000 after purchasing an additional 1,699,909 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup lifted their target price on CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. JPMorgan Chase & Co. increased their price target on shares of CDW from $170.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Morgan Stanley raised their price objective on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, Barclays decreased their target price on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.38.

CDW Stock Performance

NASDAQ CDW opened at $173.08 on Thursday. CDW Corporation has a 52-week low of $97.12 and a 52-week high of $175.19. The company has a fifty day moving average of $149.88 and a 200-day moving average of $134.38. The company has a market capitalization of $21.60 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.50 and a beta of 0.92. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.15 and a current ratio of 1.26.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.28. CDW had a return on equity of 52.23% and a net margin of 4.48%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the firm earned $2.71 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts predict that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.68 per share. This is a boost from CDW’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, November 25th. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. CDW’s dividend payout ratio is currently 29.40%.

CDW Company Profile

CDW Corporation is a provider of information technology products and services to businesses, government agencies, educational institutions and healthcare organizations. The company helps customers select, purchase, implement and manage technology solutions. Its offerings include computers and other hardware, software, cloud services, cybersecurity, networking, data center infrastructure and collaboration tools. CDW also provides consulting, integration and ongoing technology support, helping customers plan and operate their IT environments.