Fiduciary Management Inc. WI Raises Stock Holdings in CDW Co. (NASDAQ:CDW)

Fiduciary Management Inc. WI grew its stake in CDW Co. (NASDAQ:CDW - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 731,661 shares of the information technology services provider's stock after buying an additional 146,273 shares during the period. Fiduciary Management Inc. WI owned 0.55% of CDW worth $127,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CDW. Barclays PLC boosted its stake in CDW by 0.3% during the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider's stock worth $261,779,000 after purchasing an additional 3,424 shares during the period. Fulcrum Equity Management boosted its stake in shares of CDW by 4.3% during the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock worth $326,000 after buying an additional 60 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of CDW by 18.6% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 2,528 shares of the information technology services provider's stock worth $572,000 after buying an additional 397 shares during the last quarter. Sanctuary Advisors LLC increased its position in CDW by 5.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,568 shares of the information technology services provider's stock valued at $1,260,000 after acquiring an additional 265 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in CDW during the 3rd quarter valued at approximately $973,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Citigroup dropped their price objective on shares of CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group cut their price objective on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lifted their target price on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays increased their price target on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $217.38.

CDW Price Performance

CDW stock traded up $2.83 during trading on Wednesday, reaching $154.86. 1,106,364 shares of the company were exchanged, compared to its average volume of 1,172,844. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The stock's 50 day moving average price is $166.14 and its 200 day moving average price is $182.47. CDW Co. has a 52-week low of $137.31 and a 52-week high of $248.12. The company has a market cap of $20.41 billion, a P/E ratio of 19.43, a PEG ratio of 3.21 and a beta of 0.97.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share 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%. As a group, analysts predict that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's dividend payout ratio is currently 31.37%.

CDW announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

CDW 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.