Thrivent Financial for Lutherans lifted its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,948 shares of the information technology services provider's stock after buying an additional 11,048 shares during the period. Thrivent Financial for Lutherans owned about 0.46% of CDW worth $106,356,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after purchasing an additional 52 shares during the period. OFI Invest Asset Management acquired a new stake in CDW in the fourth quarter valued at $32,000. Parkside Financial Bank & Trust increased 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. Canoe Financial LP increased its holdings in CDW by 68.3% in the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 112 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in CDW in the third quarter valued at $90,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CDW. UBS Group decreased their price objective on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays increased their price target on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CDW presently has a consensus rating of "Moderate Buy" and a consensus target price of $242.67.
Check Out Our Latest Report on CDW
CDW Stock Down 1.5 %
Shares of CDW stock traded down $2.52 on Friday, reaching $165.57. 2,060,916 shares of the company were exchanged, compared to its average volume of 1,038,222. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 3.21 and a beta of 1.01. The company has a 50-day moving average of $184.40 and a 200-day moving average of $193.36. 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 one year low of $162.84 and a one year high of $263.37.
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 (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%. Analysts anticipate that CDW Co. will post 9.41 earnings per share for the current year.
CDW declared that its Board of Directors has authorized a stock buyback plan 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 buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are often an indication 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. Investors 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 annualized dividend and a yield of 1.51%. CDW's payout ratio is 31.37%.
About CDW
(
Free Report)
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.
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