CDW Co. (NASDAQ:CDW) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. increased its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 50.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 203,992 shares of the information technology services provider's stock after acquiring an additional 68,322 shares during the period. APG Asset Management N.V. owned about 0.15% of CDW worth $34,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDW. Allworth Financial LP raised its holdings in CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 52 shares in the last quarter. OFI Invest Asset Management purchased a new stake in CDW in the fourth quarter valued at $32,000. Parkside Financial Bank & Trust raised its position in CDW by 38.9% during 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 in the last quarter. Canoe Financial LP lifted its stake in shares of CDW by 68.3% in the 4th quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 112 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CDW during the 4th quarter worth about $66,000. Institutional investors own 93.15% of the company's stock.

CDW Trading Up 1.0 %

NASDAQ:CDW traded up $1.51 during mid-day trading on Monday, reaching $150.31. The company's stock had a trading volume of 363,691 shares, compared to its average volume of 1,158,703. CDW Co. has a twelve month low of $137.31 and a twelve month high of $248.12. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The company's fifty day simple moving average is $172.21 and its two-hundred day simple moving average is $185.67. The stock has a market cap of $19.91 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.21 and a beta of 0.97.

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CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. On average, equities analysts predict that CDW Co. will post 9.41 EPS for the current year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is 31.37%.

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

Wall Street Analysts Forecast Growth

CDW has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. UBS Group cut their price target on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Barclays boosted their price target on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, CDW has a consensus rating of "Moderate Buy" and an average target price of $235.50.

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.