B. Metzler seel. Sohn & Co. AG Decreases Stock Holdings in CDW Co. (NASDAQ:CDW)

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 82.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,156 shares of the information technology services provider's stock after selling 61,412 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in CDW were worth $2,289,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CDW. Allworth Financial LP increased its stake in shares of CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 52 shares during the period. OFI Invest Asset Management bought a new stake in shares of CDW in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust grew its stake in shares of CDW by 38.9% in the fourth 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 increased its position 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 during the period. Finally, ORG Wealth Partners LLC bought a new stake in CDW in the 4th quarter valued at about $69,000. Institutional investors own 93.15% of the company's stock.

CDW Stock Performance

Shares of NASDAQ CDW traded down $2.40 during trading on Monday, hitting $142.09. The company had a trading volume of 1,205,618 shares, compared to its average volume of 1,120,404. CDW Co. has a 12 month low of $137.74 and a 12 month high of $257.33. 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 firm has a market capitalization of $18.83 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The stock has a 50 day simple moving average of $178.71 and a 200 day simple moving average of $189.07.

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

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

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.76%. CDW's dividend payout ratio is 31.37%.

Wall Street Analyst Weigh In

CDW has been the topic of a number of analyst reports. UBS Group reduced their price target on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. 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 report on Thursday, February 6th. Finally, Morgan Stanley increased their target price on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $235.50.

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.