Jacobi Capital Management LLC Has $266,000 Stake in CDW Corporation $CDW

Jacobi Capital Management LLC grew its stake in CDW Corporation (NASDAQ:CDW) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,661 shares of the information technology services provider’s stock after purchasing an additional 233 shares during the period. Jacobi Capital Management LLC’s holdings in CDW were worth $266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC grew its position in CDW by 78.9% in the 1st quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Orion Capital Management LLC acquired a new stake in CDW in the 4th quarter worth $30,000. Bayforest Capital Ltd acquired a new stake in shares of CDW during the 1st quarter valued at about $31,000. Pandora Wealth Inc. acquired a new stake in shares of CDW during the 1st quarter valued at about $32,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of CDW during the 1st quarter valued at about $34,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDW has been the topic of several recent research reports. Barclays decreased their target price on shares of CDW from $205.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 7th. Citigroup lifted their target price on shares of CDW from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of CDW from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, UBS Group decreased their target price on shares of CDW from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, CDW currently has a consensus rating of “Hold” and an average price target of $202.00.

CDW Trading Down 0.9%

Shares of CDW stock opened at $164.29 on Friday. CDW Corporation has a 12-month low of $137.31 and a 12-month high of $230.86. The company has a market capitalization of $21.53 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.75 and a beta of 0.98. The firm has a 50-day moving average price of $170.85 and a 200 day moving average price of $170.08. The company has a quick ratio of 1.22, a current ratio of 1.35 and a debt-to-equity ratio of 2.28.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.11. CDW had a net margin of 4.92% and a return on equity of 53.63%. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Research analysts forecast that CDW Corporation will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th were paid a $0.625 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.5%. CDW’s payout ratio is currently 31.06%.

About CDW

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.