Xponance Inc. Sells 5,081 Shares of CDW Co. (NASDAQ:CDW)

Xponance Inc. decreased its stake in CDW Co. (NASDAQ:CDW - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,757 shares of the information technology services provider's stock after selling 5,081 shares during the quarter. Xponance Inc.'s holdings in CDW were worth $4,483,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CDW. Oddo BHF Asset Management Sas acquired a new stake in shares of CDW during the 3rd quarter valued at about $1,629,000. Assenagon Asset Management S.A. lifted its stake in CDW by 7,549.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock valued at $44,601,000 after acquiring an additional 252,921 shares during the last quarter. Franklin Resources Inc. grew its position in CDW by 3.4% in the third quarter. Franklin Resources Inc. now owns 108,009 shares of the information technology services provider's stock worth $24,138,000 after acquiring an additional 3,567 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of CDW during the 4th quarter worth $130,996,000. Finally, Graphene Investments SAS increased its stake in shares of CDW by 17.6% during the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock worth $3,028,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Performance

Shares of CDW stock traded down $1.79 during trading on Tuesday, reaching $168.52. The company's stock had a trading volume of 815,381 shares, compared to its average volume of 1,039,237. CDW Co. has a one year low of $162.84 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The firm has a market cap of $22.33 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The business's fifty day moving average price is $184.19 and its 200-day moving average price is $192.73.

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CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, equities research analysts predict that CDW Co. will post 9.41 earnings per share for the current year.

CDW declared that its Board of Directors has approved a share buyback plan on Wednesday, February 5th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, February 25th. CDW's dividend payout ratio (DPR) is presently 31.37%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CDW. Barclays lifted their price objective on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. UBS Group reduced their price target on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $235.50.

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.