Amundi Has $197.66 Million Stock Position in CDW Co. (NASDAQ:CDW)

Amundi decreased its position in CDW Co. (NASDAQ:CDW - Free Report) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,090,358 shares of the information technology services provider's stock after selling 1,708,356 shares during the quarter. Amundi owned 0.82% of CDW worth $197,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its position in shares of CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after acquiring an additional 52 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CDW in the third quarter valued at about $43,000. Canoe Financial LP increased its position in shares of CDW by 68.3% in the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 112 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of CDW by 80.1% in the third quarter. Covestor Ltd now owns 245 shares of the information technology services provider's stock valued at $55,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

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CDW Stock Performance

Shares of NASDAQ:CDW traded down $3.16 during trading on Thursday, reaching $163.50. 1,087,324 shares of the stock were exchanged, compared to its average volume of 1,026,187. CDW Co. has a 12 month low of $162.94 and a 12 month high of $263.37. The firm has a market cap of $21.66 billion, a PE ratio of 20.51, a PEG ratio of 3.21 and a beta of 1.01. The stock has a 50-day moving average price of $185.84 and a 200-day moving average price of $195.95. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Research analysts expect that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio is presently 31.37%.

CDW announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the information technology services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CDW has been the topic of a number of recent research reports. UBS Group lowered their target price on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Redburn Atlantic initiated coverage on CDW in a report on Friday, November 15th. They set a "buy" rating and a $230.00 price target for the company. Morgan Stanley lifted their price target on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays lifted their price target on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CDW presently has a consensus rating of "Moderate Buy" and an average price target of $242.67.

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.