Mirabella Financial Services LLP Makes New $1.16 Million Investment in CDW Co. (NASDAQ:CDW)

Mirabella Financial Services LLP bought a new stake in shares of CDW Co. (NASDAQ:CDW - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,689 shares of the information technology services provider's stock, valued at approximately $1,163,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CDW. Allworth Financial LP boosted its position in CDW by 39.7% in the fourth 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 in the last quarter. OFI Invest Asset Management acquired a new position in shares of CDW in the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust grew its position in CDW by 38.9% during the 4th 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. Canoe Financial LP raised its position in CDW by 68.3% in the 4th quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 112 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in CDW in the 4th quarter valued at $66,000. Institutional investors own 93.15% of the company's stock.

CDW Trading Up 2.6 %

Shares of CDW stock traded up $4.08 during trading on Thursday, hitting $158.94. 959,321 shares of the company were exchanged, compared to its average volume of 1,177,664. The firm has a market capitalization of $20.94 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The firm's fifty day moving average price is $164.84 and its 200 day moving average price is $181.85. 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 Co. has a 1-year low of $137.31 and a 1-year high of $248.12.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share 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%. As a group, sell-side analysts expect that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.57%. CDW's dividend payout ratio (DPR) is currently 31.37%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CDW shares. Barclays raised their target price 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 boosted their target price on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Citigroup decreased their price target on shares of CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their price objective on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, CDW presently has an average rating of "Moderate Buy" and a consensus 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.