CDW Co. (NASDAQ:CDW) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lessened its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,050 shares of the information technology services provider's stock after selling 2,472 shares during the quarter. Foster & Motley Inc.'s holdings in CDW were worth $4,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CDW. AQR Capital Management LLC boosted its position in CDW by 8.8% during the second quarter. AQR Capital Management LLC now owns 58,585 shares of the information technology services provider's stock worth $13,114,000 after acquiring an additional 4,720 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CDW by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,261 shares of the information technology services provider's stock valued at $730,000 after purchasing an additional 286 shares during the last quarter. Quarry LP acquired a new stake in shares of CDW during the 2nd quarter worth about $81,000. Cetera Investment Advisers increased its position in shares of CDW by 33.4% during the 2nd quarter. Cetera Investment Advisers now owns 12,893 shares of the information technology services provider's stock worth $2,886,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Pensioenfonds Rail & OV boosted its stake in CDW by 1.1% during the second quarter. Pensioenfonds Rail & OV now owns 176,756 shares of the information technology services provider's stock worth $39,565,000 after buying an additional 1,954 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Performance

Shares of CDW stock traded up $3.29 during trading on Thursday, reaching $198.82. The company's stock had a trading volume of 370,815 shares, compared to its average volume of 1,233,652. CDW Co. has a fifty-two week low of $168.43 and a fifty-two week high of $263.37. The company has a 50-day moving average price of $180.92 and a two-hundred day moving average price of $203.85. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The firm has a market cap of $26.49 billion, a PE ratio of 24.30, a P/E/G ratio of 5.26 and a beta of 1.01.

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

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.625 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.26%. This is an increase from CDW's previous quarterly dividend of $0.62. CDW's dividend payout ratio (DPR) is presently 30.56%.

Wall Street Analyst Weigh In

CDW has been the subject of a number of research analyst reports. Barclays lowered their price objective on shares of CDW from $229.00 to $201.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut CDW from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $260.00 to $235.00 in a report on Monday, October 28th. Morgan Stanley increased their price target on shares of CDW from $190.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Monday, December 16th. Finally, Redburn Atlantic began coverage on CDW in a report on Friday, November 15th. They set a "buy" rating and a $230.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.33.

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.