Schwartz Investment Counsel Inc. Purchases 95,750 Shares of CDW Co. (NASDAQ:CDW)

Schwartz Investment Counsel Inc. lifted its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 144.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 162,000 shares of the information technology services provider's stock after purchasing an additional 95,750 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.12% of CDW worth $28,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. PDS Planning Inc lifted its holdings in CDW by 4.3% during the 3rd quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider's stock valued at $268,000 after purchasing an additional 49 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in CDW by 1.4% during the 4th quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock valued at $703,000 after purchasing an additional 56 shares during the last quarter. OneAscent Wealth Management LLC lifted its holdings in CDW by 2.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider's stock valued at $540,000 after purchasing an additional 58 shares during the last quarter. Fulcrum Equity Management lifted its holdings in CDW by 4.3% during the 3rd quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock valued at $326,000 after purchasing an additional 60 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in CDW by 4.6% during the 3rd quarter. WCM Investment Management LLC now owns 1,380 shares of the information technology services provider's stock valued at $313,000 after purchasing an additional 61 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Price Performance

Shares of NASDAQ CDW traded up $1.80 during mid-day trading on Friday, reaching $189.39. The company had a trading volume of 1,733,962 shares, compared to its average volume of 1,442,600. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.28 and a current ratio of 1.35. CDW Co. has a one year low of $168.43 and a one year high of $263.37. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 5.40 and a beta of 1.01. The business's 50-day simple moving average is $184.91 and its 200 day simple moving average is $200.96.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating 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%. On average, research analysts predict that CDW Co. will post 9.35 earnings per share for the current fiscal year.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. CDW's payout ratio is 31.37%.

CDW declared that its board has approved a share buyback program on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Redburn Atlantic assumed coverage on CDW in a research report on Friday, November 15th. They set a "buy" rating and a $230.00 price objective on the stock. JPMorgan Chase & Co. cut CDW from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. Barclays increased their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Morgan Stanley increased their price objective on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Finally, UBS Group lowered their price objective on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, CDW presently has a consensus rating of "Moderate Buy" and an average price target of $242.67.

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.