Acropolis Investment Management LLC Has $565,000 Stock Position in CDW Co. (NASDAQ:CDW)

Acropolis Investment Management LLC trimmed its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,246 shares of the information technology services provider's stock after selling 3,050 shares during the period. Acropolis Investment Management LLC's holdings in CDW were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in CDW in the 3rd quarter worth $1,629,000. Franklin Resources Inc. lifted its holdings in shares of CDW by 3.4% in the third quarter. Franklin Resources Inc. now owns 108,009 shares of the information technology services provider's stock valued at $24,138,000 after purchasing an additional 3,567 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of CDW during the third quarter worth about $12,761,000. Diversified Trust Co bought a new position in shares of CDW during the fourth quarter worth about $1,529,000. Finally, Thrivent Financial for Lutherans raised its position in CDW by 12.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 599,900 shares of the information technology services provider's stock valued at $135,758,000 after buying an additional 68,023 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CDW. Barclays reduced their price target on CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Redburn Atlantic initiated coverage on shares of CDW in a research report on Friday, November 15th. They issued a "buy" rating and a $230.00 target price for the company. Citigroup lowered shares of CDW from a "buy" rating to a "neutral" rating and lowered their price target for the company from $250.00 to $245.00 in a research note on Tuesday, October 1st. UBS Group reduced their price objective on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered CDW from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CDW has an average rating of "Moderate Buy" and an average target price of $239.33.

CDW Stock Performance

Shares of CDW traded up $0.90 during mid-day trading on Wednesday, reaching $187.46. The company's stock had a trading volume of 2,214,142 shares, compared to its average volume of 1,519,038. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The stock has a market cap of $24.98 billion, a P/E ratio of 22.92, a PEG ratio of 5.01 and a beta of 1.01. CDW Co. has a 1-year low of $168.43 and a 1-year high of $263.37. The business has a 50-day simple moving average of $179.96 and a two-hundred day simple moving average of $205.83.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($0.05). The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.60 earnings per share. As a group, equities research analysts anticipate that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Monday, November 25th. This is an increase from CDW's previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 1.33%. CDW's dividend payout ratio (DPR) is 30.56%.

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.