2,382 Shares in CDW Co. (NASDAQ:CDW) Purchased by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,382 shares of the information technology services provider's stock, valued at approximately $415,000.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its position 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 valued at $32,000 after buying an additional 52 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in CDW by 38.9% during the 4th 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. Ashton Thomas Securities LLC purchased a new position in CDW during the 3rd quarter worth $43,000. Canoe Financial LP grew its stake in shares of CDW by 68.3% in the 4th 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 in the last quarter. Finally, Covestor Ltd raised its holdings in shares of CDW by 80.1% in the third quarter. Covestor Ltd now owns 245 shares of the information technology services provider's stock valued at $55,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Performance

NASDAQ:CDW traded down $1.18 during trading hours on Tuesday, reaching $171.32. The stock had a trading volume of 1,361,044 shares, compared to its average volume of 1,354,368. CDW Co. has a 12-month low of $168.43 and a 12-month high of $263.37. 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 stock has a 50 day simple moving average of $186.74 and a 200 day simple moving average of $198.47. The stock has a market cap of $22.70 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

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CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data 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 return on equity of 55.42% and a net margin of 5.13%. On average, research analysts forecast that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW declared that its board has authorized a share repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Tuesday, February 25th. CDW's payout ratio is currently 31.37%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CDW shares. Redburn Atlantic initiated 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. UBS Group cut their target price on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on 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 lifted their price target on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $242.67.

CDW Company 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.