8,897 Shares in CDW Co. (NASDAQ:CDW) Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. purchased a new position in shares of CDW Co. (NASDAQ:CDW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,897 shares of the information technology services provider's stock, valued at approximately $1,548,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allworth Financial LP boosted its stake in shares of 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 during the period. Summit Trail Advisors LLC grew its stake 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 purchasing an additional 56 shares during the last quarter. OneAscent Wealth Management LLC lifted its holdings in shares of CDW by 2.5% during the third quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider's stock worth $540,000 after purchasing an additional 58 shares during the period. Parkside Financial Bank & Trust increased its stake in CDW by 38.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after buying an additional 58 shares during the period. Finally, Fulcrum Equity Management raised its position in CDW by 4.3% during the 3rd quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock worth $326,000 after buying an additional 60 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

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CDW Price Performance

CDW stock traded up $0.61 during midday trading on Wednesday, reaching $166.66. 1,544,715 shares of the company were exchanged, compared to its average volume of 1,024,434. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 3.21 and a beta of 1.01. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The firm's 50-day simple moving average is $185.98 and its 200-day simple moving average is $196.16. CDW Co. has a 1 year low of $164.82 and a 1 year high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that CDW Co. will post 9.41 EPS for the current year.

CDW declared that its board has authorized a stock buyback program 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 purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's dividend payout ratio is currently 31.37%.

Wall Street Analyst Weigh In

CDW has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Barclays lifted their price target on CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $242.67.

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.