Quantbot Technologies LP Has $18.08 Million Holdings in CDW Co. (NASDAQ:CDW)

Quantbot Technologies LP grew its holdings in shares of CDW Co. (NASDAQ:CDW - Free Report) by 453.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,856 shares of the information technology services provider's stock after buying an additional 85,092 shares during the quarter. CDW accounts for about 0.7% of Quantbot Technologies LP's investment portfolio, making the stock its 7th largest holding. Quantbot Technologies LP owned about 0.08% of CDW worth $18,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blueshift Asset Management LLC raised its position in shares of CDW by 257.6% during the 4th quarter. Blueshift Asset Management LLC now owns 5,057 shares of the information technology services provider's stock valued at $880,000 after acquiring an additional 3,643 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of CDW by 10.3% during the 4th quarter. iA Global Asset Management Inc. now owns 15,024 shares of the information technology services provider's stock valued at $2,615,000 after acquiring an additional 1,408 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of CDW during the 4th quarter valued at approximately $516,000. Harvest Fund Management Co. Ltd raised its position in shares of CDW by 27.5% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,843 shares of the information technology services provider's stock valued at $1,365,000 after acquiring an additional 1,690 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of CDW by 1,080.2% during the 4th quarter. Intech Investment Management LLC now owns 115,307 shares of the information technology services provider's stock valued at $20,068,000 after acquiring an additional 105,537 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms recently issued reports on CDW. Barclays upped their price target on CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. UBS Group dropped their target price on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their target price on CDW from $193.00 to $201.00 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $242.67.

CDW Stock Performance

Shares of CDW traded up $0.13 during trading hours on Tuesday, reaching $170.76. 947,670 shares of the company's stock traded hands, compared to its average volume of 1,027,569. The firm 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. CDW Co. has a twelve month low of $162.84 and a twelve month high of $263.37. The business's fifty day simple moving average is $185.39 and its two-hundred day simple moving average is $194.50.

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

CDW declared that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

CDW Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is 31.37%.

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.