Zuckerman Investment Group LLC cut its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 80.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,927 shares of the information technology services provider's stock after selling 48,163 shares during the quarter. Zuckerman Investment Group LLC's holdings in CDW were worth $2,076,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in shares of CDW during the third quarter worth about $1,629,000. Assenagon Asset Management S.A. boosted its position in CDW by 7,549.9% during the 4th 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. Franklin Resources Inc. raised its holdings in shares of CDW by 3.4% in the third quarter. Franklin Resources Inc. now owns 108,009 shares of the information technology services provider's stock valued at $24,138,000 after purchasing an additional 3,567 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in CDW during the 4th quarter worth about $130,996,000. Finally, Graphene Investments SAS boosted its position in CDW by 17.6% during the fourth quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock valued at $3,028,000 after purchasing an additional 2,600 shares during the last quarter. 93.15% of the stock is owned by institutional investors.
CDW Stock Performance
NASDAQ CDW traded down $1.40 on Tuesday, reaching $150.34. The stock had a trading volume of 313,187 shares, compared to its average volume of 1,159,466. CDW Co. has a 1-year low of $137.31 and a 1-year high of $248.12. 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 company has a market cap of $19.92 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The firm has a fifty day moving average of $171.12 and a two-hundred day moving average of $185.15.
CDW (NASDAQ:CDW - Get Free Report) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (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%. On average, equities research analysts anticipate that CDW Co. will post 9.41 EPS for the current year.
CDW Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.66%. CDW's dividend payout ratio (DPR) is 31.37%.
CDW declared that its board has initiated a share 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 reacquire up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
CDW has been the subject of a number of recent analyst reports. Barclays increased their price target 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. Morgan Stanley raised their target price on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. UBS Group lowered their price target on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup decreased their target price on CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $224.88.
Get Our Latest 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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