Unigestion Holding SA Purchases 155,517 Shares of CDW Co. (NASDAQ:CDW)

Unigestion Holding SA boosted its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 917.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,469 shares of the information technology services provider's stock after purchasing an additional 155,517 shares during the period. CDW comprises approximately 1.9% of Unigestion Holding SA's holdings, making the stock its 14th largest holding. Unigestion Holding SA owned about 0.13% of CDW worth $39,021,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cetera Advisors LLC raised its stake in CDW by 27.7% in the first quarter. Cetera Advisors LLC now owns 2,016 shares of the information technology services provider's stock worth $516,000 after buying an additional 437 shares in the last quarter. ORG Partners LLC bought a new position in CDW in the second quarter worth $34,000. Envestnet Portfolio Solutions Inc. lifted its position in CDW by 7.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,712 shares of the information technology services provider's stock valued at $2,174,000 after buying an additional 632 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of CDW during the 2nd quarter valued at $443,000. Finally, Assenagon Asset Management S.A. boosted its stake in CDW by 2,164.6% during the second quarter. Assenagon Asset Management S.A. now owns 140,040 shares of the information technology services provider's stock worth $31,347,000 after acquiring an additional 133,856 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Performance

Shares of NASDAQ:CDW traded down $0.76 during midday trading on Wednesday, hitting $178.25. The company had a trading volume of 1,413,418 shares, compared to its average volume of 922,524. The company has a fifty day moving average of $198.66 and a two-hundred day moving average of $214.40. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. CDW Co. has a 12-month low of $172.95 and a 12-month high of $263.37. The company has a market cap of $23.75 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 5.06 and a beta of 1.02.

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

CDW Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, November 25th. This is an increase from CDW's previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a yield of 1.40%. CDW's dividend payout ratio is 30.56%.

Wall Street Analyst Weigh In

CDW has been the topic of a number of analyst reports. Citigroup cut CDW from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Barclays reduced their target price on CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Finally, Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CDW currently has a consensus rating of "Moderate Buy" and an average price target of $244.63.

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.