Romano Brothers AND Company Boosts Holdings in CDW Co. (NASDAQ:CDW)

Romano Brothers AND Company boosted its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 192.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,502 shares of the information technology services provider's stock after buying an additional 4,280 shares during the quarter. Romano Brothers AND Company's holdings in CDW were worth $1,132,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its position in CDW by 88.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,137 shares of the information technology services provider's stock valued at $255,000 after purchasing an additional 533 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of CDW in the second quarter valued at about $652,000. Ieq Capital LLC lifted its stake in CDW by 4.7% in the second quarter. Ieq Capital LLC now owns 11,424 shares of the information technology services provider's stock worth $2,557,000 after acquiring an additional 508 shares during the period. Canada Pension Plan Investment Board grew its holdings in CDW by 2,045.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider's stock worth $65,877,000 after acquiring an additional 280,584 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in CDW by 1.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 27,870 shares of the information technology services provider's stock valued at $6,235,000 after purchasing an additional 303 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Up 0.5 %

NASDAQ:CDW traded up $0.91 during mid-day trading on Friday, hitting $188.70. 963,441 shares of the company's stock traded hands, compared to its average volume of 1,002,276. The company has a fifty day moving average of $179.13 and a 200 day moving average of $205.18. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. CDW Co. has a twelve month low of $168.43 and a twelve month high of $263.37. The company has a market capitalization of $25.15 billion, a P/E ratio of 23.07, a P/E/G ratio of 4.91 and a beta of 1.01.

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

CDW Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a dividend of $0.625 per share. This is an increase from CDW's previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Monday, November 25th. CDW's payout ratio is presently 30.56%.

Wall Street Analysts Forecast Growth

CDW has been the subject of several research reports. Morgan Stanley upped their price target on shares of CDW from $190.00 to $193.00 and gave the stock an "equal weight" rating in a research report on Monday, December 16th. Barclays dropped their target price on CDW from $229.00 to $201.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. UBS Group reduced 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. Citigroup downgraded CDW from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Finally, Redburn Atlantic initiated coverage on shares of CDW in a report on Friday, November 15th. They issued a "buy" rating and a $230.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, CDW presently has an average rating of "Moderate Buy" and a consensus price target of $239.33.

About CDW

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.