Lido Advisors LLC Purchases 38,334 Shares of CDW Corporation $CDW

Lido Advisors LLC grew its position in shares of CDW Corporation (NASDAQ:CDW) by 757.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,395 shares of the information technology services provider’s stock after acquiring an additional 38,334 shares during the period. Lido Advisors LLC’s holdings in CDW were worth $5,562,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 48.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 87 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of CDW by 2.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,252 shares of the information technology services provider’s stock worth $417,000 after purchasing an additional 89 shares during the period. Covestor Ltd increased its position in CDW by 9.0% during the 3rd quarter. Covestor Ltd now owns 1,076 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 89 shares in the last quarter. CX Institutional increased its position in CDW by 4.0% during the 3rd quarter. CX Institutional now owns 2,585 shares of the information technology services provider’s stock worth $331,000 after purchasing an additional 99 shares in the last quarter. Finally, VestGen Advisors LLC increased its position in CDW by 5.7% during the 3rd quarter. VestGen Advisors LLC now owns 2,302 shares of the information technology services provider’s stock worth $295,000 after purchasing an additional 124 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CDW. Morgan Stanley raised their price target on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of CDW from $170.00 to $195.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. UBS Group increased their price objective on shares of CDW from $159.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Citigroup raised their target price on shares of CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, November 5th. Finally, Barclays cut their target price on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CDW has an average rating of “Moderate Buy” and an average price target of $167.38.

CDW Price Performance

Shares of NASDAQ CDW opened at $172.79 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.26 and a quick ratio of 1.15. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $175.19. The company has a market capitalization of $21.57 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.53 and a beta of 0.92. The business has a 50-day moving average of $150.36 and a 200-day moving average of $134.61.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 EPS for the quarter, beating the consensus estimate of $2.98 by $0.28. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.19 billion. CDW had a return on equity of 52.23% and a net margin of 4.48%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business posted $2.71 EPS. On average, equities analysts anticipate 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. Shareholders of record on Wednesday, November 25th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. This is a positive change from CDW’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, November 25th. CDW’s dividend payout ratio is 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.