CDW Co. (NASDAQ:CDW) Holdings Boosted by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI grew its holdings in CDW Co. (NASDAQ:CDW) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,661 shares of the information technology services provider’s stock after purchasing an additional 146,273 shares during the period. Fiduciary Management Inc. WI’s holdings in CDW were worth $127,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allworth Financial LP lifted its stake in CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 52 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of CDW in the fourth quarter worth approximately $32,000. Parkside Financial Bank & Trust boosted its holdings in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 58 shares during the period. Canoe Financial LP grew its position in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 112 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in CDW in the 4th quarter valued at approximately $66,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

CDW has been the subject of a number of research reports. UBS Group decreased their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Barclays boosted their target price on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on CDW from $222.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley boosted their price target on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of CDW from $220.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CDW presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.38.

CDW Stock Up 1.8 %

Shares of CDW stock opened at $151.47 on Friday. The company has a market capitalization of $19.96 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 3.21 and a beta of 0.97. 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 stock’s 50 day simple moving average is $167.67 and its 200 day simple moving average is $183.69. CDW Co. has a twelve month low of $137.31 and a twelve month high of $248.12.

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

CDW declared that its board has authorized a stock repurchase program 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are 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 issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is 31.37%.

About CDW

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.