Unigestion Holding SA decreased its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,067 shares of the information technology services provider's stock after selling 30,402 shares during the period. CDW accounts for about 1.4% of Unigestion Holding SA's portfolio, making the stock its 28th biggest holding. Unigestion Holding SA owned approximately 0.11% of CDW worth $24,724,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in CDW by 39.7% during 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 last quarter. OFI Invest Asset Management bought a new stake in CDW during the fourth quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 38.9% in the 4th 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 last quarter. Canoe Financial LP boosted its holdings in shares of CDW by 68.3% in the 4th quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 112 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of CDW during the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 93.15% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on CDW shares. Barclays lifted their price objective on shares of CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Morgan Stanley lifted their target price 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 dropped 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CDW currently has a consensus rating of "Moderate Buy" and an average target price of $235.50.
Check Out Our Latest Report on CDW
CDW Stock Up 0.4 %
NASDAQ CDW traded up $0.53 on Friday, hitting $147.23. The stock had a trading volume of 707,621 shares, compared to its average volume of 1,154,543. CDW Co. has a 52-week low of $137.31 and a 52-week high of $249.33. The business's fifty day moving average price is $173.22 and its 200 day moving average price is $186.47. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97.
CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. Equities research analysts anticipate that CDW Co. will post 9.41 earnings per share for the current year.
CDW declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 5th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
CDW Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.625 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.70%. CDW's dividend payout ratio is currently 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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