Barclays PLC Has $248.08 Million Stock Holdings in CDW Co. (NASDAQ:CDW)

Barclays PLC grew its stake in CDW Co. (NASDAQ:CDW - Free Report) by 23.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,425,415 shares of the information technology services provider's stock after buying an additional 268,626 shares during the quarter. Barclays PLC owned 1.07% of CDW worth $248,080,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CDW. Allworth Financial LP grew its position in 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 purchasing an additional 52 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of CDW in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust grew its holdings in shares of CDW by 38.9% in the 4th 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 raised its holdings in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 112 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in CDW during the fourth quarter valued at approximately $66,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

CDW Stock Performance

Shares of CDW stock traded up $2.70 on Friday, hitting $151.47. The stock had a trading volume of 1,166,889 shares, compared to its average volume of 1,167,844. The stock has a market cap of $19.96 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. CDW Co. has a twelve month low of $137.31 and a twelve month high of $248.12. The business's 50 day moving average is $167.67 and its two-hundred day moving average is $183.69.

CDW (NASDAQ:CDW - Get Free Report) last announced its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping 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%. Analysts forecast that CDW Co. will post 9.41 EPS for the current year.

CDW Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is currently 31.37%.

CDW declared that its board has approved a stock repurchase 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are 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.