Natixis Advisors LLC Boosts Stake in CDW Co. (NASDAQ:CDW)

Natixis Advisors LLC lifted its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,840 shares of the information technology services provider's stock after buying an additional 34,965 shares during the period. Natixis Advisors LLC owned approximately 0.22% of CDW worth $51,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CDW. Assetmark Inc. raised its stake in shares of CDW by 37.3% during the 3rd quarter. Assetmark Inc. now owns 975 shares of the information technology services provider's stock worth $221,000 after purchasing an additional 265 shares during the period. Apollon Wealth Management LLC raised its position in CDW by 36.1% in the third quarter. Apollon Wealth Management LLC now owns 2,938 shares of the information technology services provider's stock worth $665,000 after acquiring an additional 779 shares during the period. Metis Global Partners LLC boosted its stake in CDW by 1.8% in the third quarter. Metis Global Partners LLC now owns 4,295 shares of the information technology services provider's stock valued at $972,000 after acquiring an additional 74 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of CDW by 2.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,827 shares of the information technology services provider's stock valued at $866,000 after acquiring an additional 92 shares during the period. Finally, Impax Asset Management Group plc increased its stake in shares of CDW by 6.0% during the 3rd quarter. Impax Asset Management Group plc now owns 33,653 shares of the information technology services provider's stock worth $7,616,000 after purchasing an additional 1,902 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

Shares of CDW traded down $4.75 during midday trading on Thursday, hitting $168.09. 1,574,166 shares of the company traded hands, compared to its average volume of 1,032,128. CDW Co. has a one year low of $162.84 and a one year high of $263.37. The firm has a market cap of $22.27 billion, a P/E ratio of 21.09, a PEG 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 stock has a 50-day moving average of $185.01 and a 200-day moving average of $193.96.

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 (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, sell-side analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

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

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's payout ratio is 31.37%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays increased their price objective on CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Finally, UBS Group dropped their price objective on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $242.67.

CDW 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.