Intact Investment Management Inc. Has $957,000 Stake in CDW Co. (NASDAQ:CDW)

Intact Investment Management Inc. boosted its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 129.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the information technology services provider's stock after buying an additional 3,100 shares during the period. Intact Investment Management Inc.'s holdings in CDW were worth $957,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after buying an additional 52 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of CDW by 1.4% in the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock worth $703,000 after acquiring an additional 56 shares during the last quarter. OneAscent Wealth Management LLC lifted its holdings 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 worth $540,000 after acquiring an additional 58 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Finally, Fulcrum Equity Management lifted its holdings 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 worth $326,000 after acquiring an additional 60 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

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CDW Trading Up 1.2 %

NASDAQ CDW traded up $2.08 during trading hours on Wednesday, reaching $172.84. The company's stock had a trading volume of 1,192,480 shares, compared to its average volume of 1,029,451. The firm has a fifty day simple moving average of $185.18 and a 200-day simple moving average of $194.11. The stock has a market cap of $22.90 billion, a P/E ratio of 21.69, a P/E/G ratio of 3.21 and a beta of 1.01. CDW Co. has a 52 week low of $162.84 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.

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

CDW declared that its board has initiated a stock repurchase program on Wednesday, February 5th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a yield of 1.45%. CDW's payout ratio is 31.37%.

Wall Street Analysts Forecast Growth

CDW has been the subject of a number of research reports. UBS Group dropped 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. Barclays increased 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. Finally, Morgan Stanley increased 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, CDW has an average rating of "Moderate Buy" and an average target price 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.