CDW Co. (NASDAQ:CDW) Shares Sold by River Global Investors LLP

River Global Investors LLP decreased its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 41.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,140 shares of the information technology services provider's stock after selling 4,315 shares during the period. River Global Investors LLP's holdings in CDW were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of CDW in the third quarter worth approximately $43,000. Parkside Financial Bank & Trust grew its holdings in CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 58 shares during the period. Covestor Ltd increased its position in CDW by 80.1% during the third quarter. Covestor Ltd now owns 245 shares of the information technology services provider's stock worth $55,000 after purchasing an additional 109 shares during the last quarter. Finally, Canoe Financial LP raised its stake in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

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Wall Street Analysts Forecast Growth

CDW has been the subject of several research reports. Redburn Atlantic started coverage on shares of CDW in a research note on Friday, November 15th. They set a "buy" rating and a $230.00 price objective for the company. UBS Group lowered their price target on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Barclays raised their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, CDW currently has an average rating of "Moderate Buy" and an average price target of $242.67.

CDW Stock Up 0.4 %

CDW stock traded up $0.61 during midday trading on Wednesday, hitting $166.66. 1,546,706 shares of the company were exchanged, compared to its average volume of 1,024,434. The company has a market cap of $22.08 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. CDW Co. has a fifty-two week low of $164.82 and a fifty-two week high of $263.37. The company's fifty day moving average price is $185.98 and its 200-day moving average price is $196.16. 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 posted its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. On average, research analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given 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 yield of 1.50%. CDW's payout ratio is currently 31.37%.

CDW declared that its board has approved a stock buyback program 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.