CDW Co. (NASDAQ:CDW) Shares Acquired by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC boosted its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,432 shares of the information technology services provider's stock after acquiring an additional 1,861 shares during the period. CDW accounts for approximately 2.3% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 21st biggest position. Jacobson & Schmitt Advisors LLC owned about 0.05% of CDW worth $12,084,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Canoe Financial LP purchased a new stake in shares of CDW in the third quarter valued at approximately $37,000. Fortitude Family Office LLC grew its holdings in 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 buying an additional 133 shares in the last quarter. Allworth Financial LP increased its stake in shares of CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after acquiring an additional 52 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of CDW during the 3rd quarter worth $43,000. Finally, Covestor Ltd boosted its position in shares of CDW by 80.1% during the 3rd 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.

Analysts Set New Price Targets

CDW has been the topic of a number of analyst reports. Barclays lifted their target price on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered shares of CDW from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Redburn Atlantic started coverage on CDW in a research report on Friday, November 15th. They issued a "buy" rating and a $230.00 price objective for the company. Morgan Stanley raised their target price on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, UBS Group lowered their price target on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, CDW currently has an average rating of "Moderate Buy" and an average target price of $242.67.

CDW Stock Performance

CDW stock traded down $5.15 on Friday, hitting $187.65. The company's stock had a trading volume of 557,379 shares, compared to its average volume of 1,362,823. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.24 and a beta of 1.01. The firm has a 50 day moving average of $185.94 and a two-hundred day moving average of $200.23. 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 Co. has a 1 year low of $168.43 and a 1 year high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict 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 will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.625 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.33%. CDW's payout ratio is currently 31.37%.

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

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.