O Shaughnessy Asset Management LLC Sells 3,322 Shares of CDW Co. (NASDAQ:CDW)

O Shaughnessy Asset Management LLC lessened its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,506 shares of the information technology services provider's stock after selling 3,322 shares during the period. O Shaughnessy Asset Management LLC's holdings in CDW were worth $3,917,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Allworth Financial LP lifted its holdings in CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after buying an additional 52 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of CDW by 1.4% during the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock worth $703,000 after acquiring an additional 56 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 58 shares during the period. Fulcrum Equity Management boosted its holdings in CDW by 4.3% in the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock valued at $326,000 after acquiring an additional 60 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its position in CDW by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock worth $248,000 after purchasing an additional 61 shares during the period. 93.15% of the stock is owned by institutional investors.

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CDW Trading Up 1.9 %

CDW traded up $2.71 during mid-day trading on Monday, hitting $147.20. The stock had a trading volume of 3,810,659 shares, compared to its average volume of 1,130,590. The stock's fifty day simple moving average is $177.78 and its 200-day simple moving average is $188.51. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. CDW Co. has a 1-year low of $137.31 and a 1-year high of $257.33. 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 (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, research analysts forecast that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently disclosed 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 1.70%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is presently 31.37%.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays raised their price objective on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $235.50.

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.