Graphene Investments SAS Has $3.03 Million Stake in CDW Co. (NASDAQ:CDW)

Graphene Investments SAS increased its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the information technology services provider's stock after purchasing an additional 2,600 shares during the period. CDW accounts for about 2.1% of Graphene Investments SAS's holdings, making the stock its 17th biggest holding. Graphene Investments SAS's holdings in CDW were worth $3,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDW. PDS Planning Inc raised its stake in shares of CDW by 4.3% in the 3rd quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider's stock valued at $268,000 after purchasing an additional 49 shares in the last quarter. OneAscent Wealth Management LLC increased its stake in shares of CDW by 2.5% in the third quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider's stock valued at $540,000 after purchasing an additional 58 shares during the period. Fulcrum Equity Management increased its stake in shares of CDW by 4.3% in the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock valued at $326,000 after purchasing an additional 60 shares during the period. WCM Investment Management LLC boosted its holdings in shares of CDW by 4.6% in the third quarter. WCM Investment Management LLC now owns 1,380 shares of the information technology services provider's stock valued at $313,000 after acquiring an additional 61 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its holdings in shares of CDW by 0.3% in the third quarter. Harbour Trust & Investment Management Co now owns 20,869 shares of the information technology services provider's stock valued at $4,723,000 after acquiring an additional 62 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CDW has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Barclays raised 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. UBS Group reduced their target price on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Redburn Atlantic initiated coverage on shares of CDW in a report on Friday, November 15th. They set a "buy" rating and a $230.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of CDW from $193.00 to $201.00 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $242.67.

CDW Trading Down 0.1 %

CDW stock traded down $0.18 during midday trading on Tuesday, reaching $191.39. The stock had a trading volume of 334,544 shares, compared to its average volume of 1,424,794. The firm's fifty day simple moving average is $184.08 and its two-hundred day simple moving average is $201.70. CDW Co. has a twelve month low of $168.43 and a twelve month 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 1.28. The firm has a market cap of $25.50 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 5.40 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results 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 net margin of 5.13% and a return on equity of 55.42%. Equities analysts anticipate that CDW Co. will post 9.35 EPS for the current fiscal year.

CDW Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be given a $0.625 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.31%. CDW's payout ratio is 31.37%.

CDW declared that its board has authorized a share 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 reacquire 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 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.