Capital Investment Advisors LLC Acquires 993 Shares of CDW Co. (NASDAQ:CDW)

Capital Investment Advisors LLC raised its holdings in CDW Co. (NASDAQ:CDW – Free Report) by 64.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,539 shares of the information technology services provider’s stock after buying an additional 993 shares during the quarter. Capital Investment Advisors LLC’s holdings in CDW were worth $577,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of CDW in the 3rd quarter worth approximately $25,000. VisionPoint Advisory Group LLC bought a new stake in shares of CDW in the 3rd quarter worth approximately $28,000. TFC Financial Management Inc. grew its position in shares of CDW by 61.1% in the 3rd quarter. TFC Financial Management Inc. now owns 145 shares of the information technology services provider’s stock worth $29,000 after buying an additional 55 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of CDW in the 4th quarter valued at approximately $33,000. Finally, Orion Capital Management LLC purchased a new position in shares of CDW in the 3rd quarter valued at approximately $35,000. 93.04% of the stock is currently owned by institutional investors.

CDW Stock Down 0.4 %

Shares of NASDAQ:CDW opened at $245.51 on Friday. The stock has a fifty day simple moving average of $236.11 and a two-hundred day simple moving average of $220.16. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.82 and a beta of 1.09. CDW Co. has a 12-month low of $160.66 and a 12-month high of $250.63. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 2.46.

CDW (NASDAQ:CDW – Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.01. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. CDW had a return on equity of 73.93% and a net margin of 5.17%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 earnings per share. On average, research analysts anticipate that CDW Co. will post 9.88 earnings per share for the current fiscal year.

CDW declared that its board has authorized a stock buyback program on Wednesday, February 7th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, February 23rd. CDW’s dividend payout ratio is currently 30.62%.

Analyst Ratings Changes

CDW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on CDW from $253.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Barclays raised their target price on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley cut CDW from an “overweight” rating to an “equal weight” rating and set a $216.00 target price for the company. in a research note on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.60.

Get Our Latest Analysis 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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