Trexquant Investment LP increased its position in CDW Co. (NASDAQ:CDW - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,487 shares of the information technology services provider's stock after purchasing an additional 10,923 shares during the quarter. Trexquant Investment LP's holdings in CDW were worth $6,872,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake 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 buying an additional 52 shares during the period. Summit Trail Advisors LLC raised its position in shares of CDW by 1.4% in 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 acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust boosted its stake in CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Fulcrum Equity Management grew its holdings in CDW by 4.3% during the third 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 period. Finally, Jacobi Capital Management LLC increased its stake in CDW by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after purchasing an additional 61 shares in the last quarter. 93.15% of the stock is owned by institutional investors.
CDW Stock Up 9.2 %
Shares of CDW stock traded up $13.45 during trading on Wednesday, reaching $159.48. The stock had a trading volume of 3,086,357 shares, compared to its average volume of 1,147,288. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 3.21 and a beta of 0.97. CDW Co. has a 52 week low of $137.31 and a 52 week high of $250.42. The stock has a fifty day moving average price of $174.25 and a two-hundred day moving average price of $187.01.
CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Sell-side analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.
CDW announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 5th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.
CDW Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.57%. CDW's dividend payout ratio is currently 31.37%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CDW shares. Morgan Stanley lifted their price target on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. UBS Group reduced their target price on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.50.
Read Our Latest Stock Report on CDW
CDW Company Profile
(
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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