Mariner LLC Has $4.91 Million Position in CDW Co. (NASDAQ:CDW)

Mariner LLC trimmed its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,237 shares of the information technology services provider's stock after selling 1,666 shares during the quarter. Mariner LLC's holdings in CDW were worth $4,914,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in shares of CDW during the third quarter valued at approximately $1,629,000. Assenagon Asset Management S.A. lifted its holdings in shares of CDW by 7,549.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock valued at $44,601,000 after buying an additional 252,921 shares during the period. Franklin Resources Inc. boosted its stake in CDW by 12.7% during the fourth quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock valued at $21,191,000 after buying an additional 13,748 shares in the last quarter. Madison Investment Advisors LLC bought a new position in CDW during the fourth quarter valued at about $130,996,000. Finally, Graphene Investments SAS grew its holdings in CDW by 17.6% during the fourth quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock worth $3,028,000 after acquiring an additional 2,600 shares during the period. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Up 2.4 %

Shares of CDW stock traded up $3.61 on Tuesday, reaching $152.03. 959,226 shares of the company's stock traded hands, compared to its average volume of 1,173,110. The business's 50 day moving average price is $166.14 and its two-hundred day moving average price is $182.47. The company has a market capitalization of $20.03 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. CDW Co. has a 12-month low of $137.31 and a 12-month high of $248.12.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share 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, equities analysts forecast that CDW Co. will post 9.41 earnings per share for the current year.

CDW declared that its board has approved 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.625 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.64%. CDW's dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analysts Forecast Growth

CDW has been the subject of several research reports. Morgan Stanley raised their price objective on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Citigroup dropped their price target on CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays raised their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, UBS Group cut their target price on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $217.38.

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.