Vaughan Nelson Investment Management L.P. Has $22.42 Million Position in CDW Co. (NASDAQ:CDW)

Vaughan Nelson Investment Management L.P. decreased its stake in CDW Co. (NASDAQ:CDW - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,833 shares of the information technology services provider's stock after selling 55,780 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.10% of CDW worth $22,422,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in CDW during the third quarter worth about $416,111,000. Janus Henderson Group PLC boosted its position in CDW by 7,029.1% during the third quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider's stock worth $331,891,000 after acquiring an additional 1,446,025 shares during the last quarter. Holocene Advisors LP acquired a new position in CDW during the third quarter worth about $172,217,000. Assenagon Asset Management S.A. boosted its position in CDW by 7,549.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock worth $44,601,000 after acquiring an additional 252,921 shares during the last quarter. Finally, Unigestion Holding SA boosted its position in CDW by 917.4% during the third quarter. Unigestion Holding SA now owns 172,469 shares of the information technology services provider's stock worth $39,021,000 after acquiring an additional 155,517 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CDW shares. Morgan Stanley boosted 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. JPMorgan Chase & Co. downgraded shares of CDW from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. UBS Group reduced their target price on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Redburn Atlantic initiated coverage on shares of CDW in a research note on Friday, November 15th. They set a "buy" rating and a $230.00 target price on the stock. Finally, Barclays lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $242.67.

CDW Stock Down 0.7 %

Shares of CDW stock traded down $1.35 during trading hours on Thursday, hitting $187.59. The company had a trading volume of 1,120,550 shares, compared to its average volume of 1,412,643. The company's 50-day moving average is $184.72 and its two-hundred day moving average is $201.25. CDW Co. has a twelve month low of $168.43 and a twelve month high of $263.37. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.28. The company has a market cap of $25.00 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 5.40 and a beta of 1.01.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (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%. Analysts anticipate that CDW Co. will post 9.35 earnings per share for the current fiscal year.

CDW Dividend Announcement

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

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

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.