Imprint Wealth LLC Makes New $15.23 Million Investment in CDW Co. (NASDAQ:CDW)

Imprint Wealth LLC acquired a new stake in CDW Co. (NASDAQ:CDW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 152,247 shares of the information technology services provider’s stock, valued at approximately $15,225,000. Imprint Wealth LLC owned 0.11% of CDW at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of CDW by 9.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,513 shares of the information technology services provider’s stock worth $1,165,000 after acquiring an additional 547 shares during the period. Acadian Asset Management LLC bought a new position in CDW in the first quarter worth $103,000. Panagora Asset Management Inc. boosted its stake in CDW by 160.4% during the first quarter. Panagora Asset Management Inc. now owns 4,645 shares of the information technology services provider’s stock worth $831,000 after buying an additional 2,861 shares in the last quarter. Yousif Capital Management LLC increased its holdings in CDW by 0.3% in the 1st quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock valued at $3,671,000 after buying an additional 65 shares during the period. Finally, Blair William & Co. IL increased its holdings in CDW by 1.5% in the 1st quarter. Blair William & Co. IL now owns 33,977 shares of the information technology services provider’s stock valued at $6,078,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

CDW Price Performance

Shares of NASDAQ CDW traded up $0.33 during trading on Monday, reaching $215.62. The company had a trading volume of 388,219 shares, compared to its average volume of 778,404. CDW Co. has a 52 week low of $160.66 and a 52 week high of $219.71. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.20 and a current ratio of 1.35. The business’s 50 day moving average price is $206.46 and its 200-day moving average price is $193.40. The stock has a market cap of $28.88 billion, a PE ratio of 26.88, a PEG ratio of 1.79 and a beta of 1.11.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.62 per share. This is an increase from CDW’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 22nd. This represents a $2.48 annualized dividend and a yield of 1.15%. CDW’s dividend payout ratio is currently 29.46%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CDW shares. Morgan Stanley lowered their target price on shares of CDW from $230.00 to $216.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Evercore ISI upped their price target on CDW from $215.00 to $250.00 in a research report on Thursday, October 12th. StockNews.com assumed coverage on CDW in a report on Thursday, October 5th. They set a “hold” rating for the company. Raymond James upped their target price on shares of CDW from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Barclays lifted their price target on shares of CDW from $216.00 to $219.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CDW currently has a consensus rating of “Moderate Buy” and an average price target of $213.20.

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, hybrid, and cloud capabilities across hybrid infrastructure, digital experience, and security.