Exencial Wealth Advisors LLC Buys 37,406 Shares of CDW Co. (NASDAQ:CDW)

Exencial Wealth Advisors LLC increased its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 286.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 50,474 shares of the information technology services provider's stock after buying an additional 37,406 shares during the quarter. Exencial Wealth Advisors LLC's holdings in CDW were worth $8,785,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in CDW by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 796,858 shares of the information technology services provider's stock valued at $138,685,000 after acquiring an additional 21,618 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in CDW by 276.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 831 shares of the information technology services provider's stock valued at $145,000 after buying an additional 610 shares during the last quarter. Norden Group LLC raised its position in CDW by 19.0% in the fourth quarter. Norden Group LLC now owns 4,701 shares of the information technology services provider's stock worth $818,000 after acquiring an additional 751 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of CDW by 19.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 779 shares of the information technology services provider's stock worth $135,000 after acquiring an additional 129 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its position in shares of CDW by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

Remove Ads

CDW Price Performance

Shares of CDW stock traded up $1.11 during trading on Friday, reaching $168.37. 2,348,878 shares of the stock traded hands, compared to its average volume of 1,385,177. CDW Co. has a 52-week low of $164.98 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 business has a fifty day simple moving average of $186.37 and a two-hundred day simple moving average of $197.71. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 3.21 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Sell-side analysts expect that CDW Co. will post 9.41 EPS for the current year.

CDW announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 5th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.50 annualized dividend and a yield of 1.48%. CDW's dividend payout ratio (DPR) is currently 31.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group cut their price target on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Redburn Atlantic started coverage on shares of CDW in a report on Friday, November 15th. They set a "buy" rating and a $230.00 price target on the stock. Morgan Stanley raised their price objective 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. Finally, Barclays upped their target price on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $242.67.

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.