Sumitomo Mitsui Trust Group Inc. Has $58.01 Million Stock Holdings in CDW Co. (NASDAQ:CDW)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 333,296 shares of the information technology services provider's stock after buying an additional 1,327 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of CDW worth $58,007,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of CDW by 1.1% during the 3rd quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider's stock valued at $1,294,288,000 after acquiring an additional 64,702 shares in the last quarter. Geode Capital Management LLC boosted its position in CDW by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider's stock worth $785,635,000 after buying an additional 31,858 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in CDW during the 3rd quarter worth approximately $416,111,000. Janus Henderson Group PLC boosted its position in CDW by 7,029.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider's stock worth $331,891,000 after buying an additional 1,446,025 shares during the period. Finally, Barclays PLC boosted its position in CDW by 0.3% during the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider's stock worth $261,779,000 after buying an additional 3,424 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

CDW Trading Down 0.7 %

CDW traded down $1.35 during trading on Thursday, hitting $187.59. The company's stock had a trading volume of 1,120,550 shares, compared to its average volume of 1,412,643. CDW Co. has a twelve month low of $168.43 and a twelve month high of $263.37. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. The stock's fifty day moving average price is $184.72 and its 200-day moving average price is $201.25. The firm has a market capitalization of $25.00 billion, a P/E ratio of 23.54, a PEG ratio of 5.40 and a beta of 1.01.

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 (EPS) for the quarter, beating 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%. Analysts anticipate that CDW Co. will post 9.35 EPS for the current year.

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

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.33%. CDW's dividend payout ratio is currently 31.37%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of CDW in a report on Friday, November 15th. They set a "buy" rating and a $230.00 price target on the stock. Morgan Stanley lifted 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. JPMorgan Chase & Co. downgraded CDW from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. 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. Finally, Barclays lifted their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $242.67.

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.