Nomura Asset Management Co. Ltd. Has $56.69 Million Holdings in CDW Co. (NASDAQ:CDW)

Nomura Asset Management Co. Ltd. trimmed its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,503 shares of the information technology services provider's stock after selling 10,969 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.19% of CDW worth $56,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC bought a new position in shares of CDW during the 2nd quarter valued at $35,000. ORG Partners LLC bought a new position in CDW during the second quarter valued at about $34,000. Canoe Financial LP acquired a new stake in shares of CDW in the third quarter worth about $37,000. Fortitude Family Office LLC lifted its position in shares of CDW by 350.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider's stock worth $39,000 after buying an additional 133 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of CDW during the 2nd quarter worth about $40,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CDW shares. Redburn Atlantic initiated coverage on CDW in a report on Friday, November 15th. They issued a "buy" rating and a $230.00 target price for the company. JPMorgan Chase & Co. cut shares of CDW from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Barclays lowered their target price on shares of CDW from $229.00 to $201.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup lowered shares of CDW from a "buy" rating to a "neutral" rating and cut their target price for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $244.63.

CDW Stock Performance

CDW stock traded down $3.45 during mid-day trading on Tuesday, reaching $179.01. The company had a trading volume of 1,448,499 shares, compared to its average volume of 920,525. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 5.06 and a beta of 1.02. The company has a 50 day moving average of $198.66 and a 200-day moving average of $214.40. CDW Co. has a 52 week low of $172.95 and a 52 week high of $263.37.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($0.05). The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $2.60 earnings per share. On average, sell-side analysts expect that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.40%. This is a positive change from CDW's previous quarterly dividend of $0.62. The ex-dividend date is Monday, November 25th. CDW's dividend payout ratio is presently 30.56%.

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.