Mondrian Investment Partners LTD Has $120.64 Million Stake in CDW Co. (NASDAQ:CDW)

Mondrian Investment Partners LTD boosted its position in CDW Co. (NASDAQ:CDW - Free Report) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 693,175 shares of the information technology services provider's stock after purchasing an additional 126,106 shares during the quarter. CDW comprises about 2.1% of Mondrian Investment Partners LTD's portfolio, making the stock its 23rd biggest holding. Mondrian Investment Partners LTD owned approximately 0.52% of CDW worth $120,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDW. Oddo BHF Asset Management Sas acquired a new stake in shares of CDW in the third quarter valued at approximately $1,629,000. Assenagon Asset Management S.A. increased its stake in CDW by 7,549.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock worth $44,601,000 after acquiring an additional 252,921 shares during the period. Franklin Resources Inc. raised its holdings in CDW by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 108,009 shares of the information technology services provider's stock valued at $24,138,000 after acquiring an additional 3,567 shares in the last quarter. Graphene Investments SAS lifted its position in shares of CDW by 17.6% during the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock valued at $3,028,000 after acquiring an additional 2,600 shares during the period. Finally, Czech National Bank grew its holdings in shares of CDW by 6.2% during the 4th quarter. Czech National Bank now owns 28,895 shares of the information technology services provider's stock worth $5,029,000 after purchasing an additional 1,685 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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CDW Price Performance

CDW stock traded up $0.13 during trading on Tuesday, reaching $170.76. 947,670 shares of the company were exchanged, compared to its average volume of 1,027,569. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 21.43, 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 current ratio of 1.35 and a quick ratio of 1.24. The company has a 50-day moving average of $185.39 and a two-hundred day moving average of $194.50. CDW Co. has a twelve month low of $162.84 and a twelve month high of $263.37.

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

CDW announced that its board has approved a stock repurchase 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 often an indication that the company's board of directors believes its shares are undervalued.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. UBS Group cut their price target on shares of CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Barclays increased their price target on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.