Longview Partners Guernsey LTD Has $445.17 Million Stake in CDW Co. (NASDAQ:CDW)

Longview Partners Guernsey LTD lowered its position in CDW Co. (NASDAQ:CDW - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,557,883 shares of the information technology services provider's stock after selling 110,187 shares during the period. CDW accounts for 3.3% of Longview Partners Guernsey LTD's portfolio, making the stock its 20th largest holding. Longview Partners Guernsey LTD owned about 1.92% of CDW worth $445,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of CDW by 1.4% in the 4th quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock valued at $703,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust increased 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 in the last quarter. Fulcrum Equity Management lifted its holdings in shares of CDW by 4.3% during the 3rd 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 in the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of CDW by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after buying an additional 61 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Stock Performance

CDW stock traded up $2.70 during trading hours on Friday, hitting $151.47. The company had a trading volume of 1,166,889 shares, compared to its average volume of 1,170,152. CDW Co. has a one year low of $137.31 and a one year high of $248.12. The firm has a market cap of $19.96 billion, a PE ratio of 19.01, a PEG ratio of 3.21 and a beta of 0.97. The firm has a 50-day moving average of $167.67 and a 200 day moving average of $183.44. 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 issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. On average, sell-side analysts expect that CDW Co. will post 9.41 earnings per share for the current year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.65%. CDW's payout ratio is 31.37%.

CDW announced that its board has authorized a stock buyback 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 buy up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

CDW has been the topic of a number of research reports. UBS Group cut their price target on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Barclays raised their target price on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Citigroup dropped their target price on CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, CDW presently has a consensus rating of "Moderate Buy" and an average target price of $217.38.

About CDW

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.