Alliance Wealth Advisors LLC UT Purchases 310 Shares of CDW Co. (NASDAQ:CDW)

Alliance Wealth Advisors LLC UT boosted its holdings in CDW Co. (NASDAQ:CDW) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,149 shares of the information technology services provider’s stock after purchasing an additional 310 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in CDW were worth $722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDW. Canoe Financial LP bought a new stake in shares of CDW in the third quarter valued at $37,000. Fortitude Family Office LLC raised its position 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 bought a new stake in CDW during the 3rd quarter valued at $43,000. Covestor Ltd raised its stake in shares of CDW by 80.1% during the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 109 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in shares of CDW in the fourth quarter worth about $69,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CDW. Redburn Atlantic assumed coverage on CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 target price for the company. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Barclays decreased their price target on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Finally, UBS Group reduced their target price on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.33.

CDW Price Performance

CDW stock opened at $198.44 on Tuesday. 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 company’s fifty day moving average price is $182.06 and its 200-day moving average price is $202.83. CDW Co. has a one year low of $168.43 and a one year high of $263.37. The company has a market capitalization of $26.44 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 5.39 and a beta of 1.01.

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were paid a dividend of $0.625 per share. This is an increase from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.26%. CDW’s dividend payout ratio is presently 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.