Ossiam Has $503,000 Stock Holdings in CDW Co. (NASDAQ:CDW)

Ossiam lowered its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 43.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,889 shares of the information technology services provider's stock after selling 2,200 shares during the period. Ossiam's holdings in CDW were worth $503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its stake 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 acquiring an additional 52 shares during the last quarter. OFI Invest Asset Management bought a new stake in CDW in the fourth quarter worth $32,000. Parkside Financial Bank & Trust increased its position in CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after buying an additional 58 shares during the last quarter. Canoe Financial LP raised its holdings in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after buying an additional 112 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of CDW in the fourth quarter worth about $66,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Barclays lifted their price target on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Citigroup lowered their target price 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. 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 report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $217.38.

CDW Stock Performance

NASDAQ CDW opened at $152.03 on Wednesday. The company's fifty day moving average is $166.14 and its two-hundred day moving average is $182.47. The firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.21 and a beta of 0.97. 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 52-week low of $137.31 and a 52-week high of $248.12.

CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Equities research analysts forecast that CDW Co. will post 9.41 EPS for the current year.

CDW announced 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 outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.64%. CDW's payout ratio is 31.37%.

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.

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