Envestnet Portfolio Solutions Inc. reduced its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,047 shares of the information technology services provider's stock after selling 3,668 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in CDW were worth $1,052,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Natixis Advisors LLC boosted its position in shares of CDW by 13.5% in the fourth quarter. Natixis Advisors LLC now owns 294,840 shares of the information technology services provider's stock valued at $51,314,000 after acquiring an additional 34,965 shares during the period. Hills Bank & Trust Co grew its position in shares of CDW by 1.1% in the 4th quarter. Hills Bank & Trust Co now owns 12,357 shares of the information technology services provider's stock valued at $2,151,000 after buying an additional 140 shares during the last quarter. Intact Investment Management Inc. grew its holdings in CDW by 129.2% during the 4th quarter. Intact Investment Management Inc. now owns 5,500 shares of the information technology services provider's stock worth $957,000 after acquiring an additional 3,100 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of CDW by 22.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 693,175 shares of the information technology services provider's stock valued at $120,640,000 after purchasing an additional 126,106 shares during the period. Finally, Madison Investment Advisors LLC bought a new stake in shares of CDW during the fourth quarter worth about $130,996,000. Institutional investors own 93.15% of the company's stock.
Analysts Set New Price Targets
CDW has been the subject of several research reports. Barclays increased their price target on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target 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. Finally, UBS Group dropped their price target 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CDW has a consensus rating of "Moderate Buy" and an average target price of $235.50.
Check Out Our Latest Report on CDW
CDW Stock Down 0.7 %
NASDAQ CDW traded down $1.19 on Wednesday, hitting $167.33. The stock had a trading volume of 1,009,909 shares, compared to its average volume of 1,040,559. CDW Co. has a 52-week low of $162.84 and a 52-week high of $263.37. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The business's fifty day moving average price is $183.82 and its 200 day moving average price is $192.42.
CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Equities research analysts anticipate that CDW Co. will post 9.41 earnings per share for the current year.
CDW Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.49%. CDW's payout ratio is 31.37%.
CDW declared that its board has approved a share buyback plan on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire 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 stock is undervalued.
About CDW
(
Free Report)
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.
Recommended Stories
Before you consider CDW, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CDW wasn't on the list.
While CDW currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
