Czech National Bank Grows Stock Position in CDW Co. (NASDAQ:CDW)

Czech National Bank raised its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,895 shares of the information technology services provider's stock after buying an additional 1,685 shares during the quarter. Czech National Bank's holdings in CDW were worth $5,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CDW. State Street Corp grew its position in shares of CDW by 1.1% in the 3rd quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider's stock worth $1,294,288,000 after buying an additional 64,702 shares during the last quarter. Geode Capital Management LLC boosted its stake in CDW by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider's stock worth $785,635,000 after purchasing an additional 31,858 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in CDW in the 3rd quarter worth approximately $416,111,000. Janus Henderson Group PLC boosted its stake in CDW by 7,029.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider's stock worth $331,891,000 after purchasing an additional 1,446,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in CDW by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider's stock worth $289,357,000 after purchasing an additional 128,263 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Performance

Shares of CDW traded up $0.33 during trading hours on Thursday, hitting $187.79. The stock had a trading volume of 951,983 shares, compared to its average volume of 1,462,328. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The firm has a 50-day moving average price of $179.66 and a 200 day moving average price of $205.70. CDW Co. has a fifty-two week low of $168.43 and a fifty-two week high of $263.37. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 4.91 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a return on equity of 58.31% and a net margin of 5.33%. The company had revenue of $5.52 billion during the quarter, compared to analysts' expectations of $5.72 billion. During the same period in the previous year, the firm posted $2.60 EPS. CDW's revenue was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that CDW Co. will post 8.99 EPS for the current year.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were issued a dividend of $0.625 per share. This is a positive change from CDW's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.33%. CDW's dividend payout ratio is presently 30.56%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CDW shares. JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Barclays lowered their target price on shares of CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of CDW from $190.00 to $193.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. UBS Group decreased their price objective 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. Finally, Redburn Atlantic initiated coverage on shares of CDW in a research note on Friday, November 15th. They set a "buy" rating and a $230.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, CDW presently has an average rating of "Moderate Buy" and an average target price of $239.33.

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.