Foyston Gordon & Payne Inc lifted its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,367 shares of the information technology services provider's stock after buying an additional 3,859 shares during the period. CDW makes up 1.3% of Foyston Gordon & Payne Inc's holdings, making the stock its 29th biggest position. Foyston Gordon & Payne Inc's holdings in CDW were worth $5,062,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CDW. Vestcor Inc raised its holdings in shares of CDW by 4.0% during the 3rd quarter. Vestcor Inc now owns 9,329 shares of the information technology services provider's stock worth $2,111,000 after acquiring an additional 362 shares during the period. Barclays PLC raised its stake in CDW by 0.3% during the third quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider's stock worth $261,779,000 after purchasing an additional 3,424 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in CDW by 54.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,404 shares of the information technology services provider's stock valued at $770,000 after purchasing an additional 1,203 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of CDW by 9.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,747 shares of the information technology services provider's stock valued at $1,753,000 after buying an additional 680 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of CDW during the 3rd quarter worth approximately $327,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CDW. Citigroup lowered shares of CDW from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $250.00 to $245.00 in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered shares of CDW from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Redburn Atlantic initiated coverage on CDW in a research note on Friday, November 15th. They issued a "buy" rating and a $230.00 price objective for the company. Finally, Barclays decreased their target price on CDW from $229.00 to $201.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $244.63.
View Our Latest Stock Analysis on CDW
CDW Stock Down 1.9 %
Shares of CDW traded down $3.45 during midday trading on Tuesday, hitting $179.01. The company had a trading volume of 1,218,342 shares, compared to its average volume of 917,973. CDW Co. has a 1 year low of $172.95 and a 1 year high of $263.37. The firm has a market capitalization of $23.85 billion, a P/E ratio of 21.78, a P/E/G ratio of 5.06 and a beta of 1.02. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The company's 50-day simple moving average is $199.44 and its 200-day simple moving average is $214.76.
CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The company's revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 EPS. As a group, sell-side analysts expect that CDW Co. will post 8.99 EPS for the current year.
CDW Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $0.625 per share. This is a boost from CDW's previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, November 25th. CDW's dividend payout ratio is currently 30.56%.
CDW Profile
(
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.
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