Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 4,630 Shares of CDW Co. (NASDAQ:CDW)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in CDW Co. (NASDAQ:CDW) by 57.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,714 shares of the information technology services provider’s stock after purchasing an additional 4,630 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in CDW were worth $2,213,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Canoe Financial LP acquired a new stake in shares of CDW during the third quarter worth $37,000. Fortitude Family Office LLC raised its stake in shares of CDW by 350.0% in the 3rd 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 shares of CDW in the third quarter valued at about $43,000. Covestor Ltd raised its position in CDW by 80.1% in the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 109 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of CDW in the second quarter worth $56,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Trading Down 0.6 %

CDW opened at $194.04 on Tuesday. The company has a 50-day simple moving average of $180.11 and a 200 day simple moving average of $204.14. The stock has a market capitalization of $25.86 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 5.26 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. CDW Co. has a twelve month low of $168.43 and a twelve month high of $263.37.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a net margin of 5.33% and a return on equity of 58.31%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business earned $2.60 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, November 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.29%. This is a positive change from CDW’s previous quarterly dividend of $0.62. CDW’s payout ratio is currently 30.56%.

Wall Street Analysts Forecast Growth

CDW has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and cut their target price for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. Morgan Stanley lifted their price target on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Redburn Atlantic assumed coverage on CDW in a research note on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.33.

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.