Janus Henderson Group PLC Has $331.89 Million Stake in CDW Co. (NASDAQ:CDW)

Janus Henderson Group PLC grew its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 7,029.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,466,597 shares of the information technology services provider's stock after buying an additional 1,446,025 shares during the quarter. Janus Henderson Group PLC owned approximately 1.10% of CDW worth $331,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peak Financial Advisors LLC purchased a new position in shares of CDW in the 2nd quarter worth about $2,854,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in CDW during the third quarter valued at approximately $12,761,000. Raymond James & Associates increased its holdings in CDW by 16.6% during the second quarter. Raymond James & Associates now owns 139,711 shares of the information technology services provider's stock valued at $31,273,000 after buying an additional 19,867 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of CDW by 12.8% in the third quarter. Thrivent Financial for Lutherans now owns 599,900 shares of the information technology services provider's stock worth $135,758,000 after purchasing an additional 68,023 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of CDW by 50.7% in the third quarter. Exchange Traded Concepts LLC now owns 2,398 shares of the information technology services provider's stock worth $543,000 after purchasing an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

CDW Trading Down 0.8 %

Shares of NASDAQ CDW traded down $1.35 during midday trading on Wednesday, hitting $178.28. The stock had a trading volume of 826,433 shares, compared to its average volume of 912,732. The company has a fifty day moving average price of $202.25 and a 200 day moving average price of $215.96. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 5.08 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. CDW Co. has a 1-year low of $172.95 and a 1-year high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $5.72 billion. During the same quarter last year, the firm posted $2.60 earnings per share. CDW's revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.625 dividend. This is an increase from CDW's previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Monday, November 25th. CDW's dividend payout ratio is currently 30.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CDW shares. Barclays dropped their target price 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. Citigroup lowered shares of CDW from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Redburn Atlantic initiated coverage on shares of CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered shares of CDW from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.63.

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.