Fidelis Capital Partners LLC Grows Holdings in CDW Co. (NASDAQ:CDW)

Fidelis Capital Partners LLC increased its position in shares of CDW Co. (NASDAQ:CDW) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,229 shares of the information technology services provider’s stock after purchasing an additional 53 shares during the quarter. Fidelis Capital Partners LLC’s holdings in CDW were worth $279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Scotia Capital Inc. raised its position in CDW by 1.5% in the third quarter. Scotia Capital Inc. now owns 3,495 shares of the information technology services provider’s stock worth $705,000 after acquiring an additional 50 shares during the period. Diversified Trust Co raised its position in CDW by 4.6% in the fourth quarter. Diversified Trust Co now owns 1,157 shares of the information technology services provider’s stock worth $263,000 after acquiring an additional 51 shares during the period. Phoenix Holdings Ltd. raised its position in CDW by 4.3% in the third quarter. Phoenix Holdings Ltd. now owns 1,262 shares of the information technology services provider’s stock worth $257,000 after acquiring an additional 52 shares during the period. Ballentine Partners LLC raised its position in CDW by 1.1% in the third quarter. Ballentine Partners LLC now owns 4,911 shares of the information technology services provider’s stock worth $991,000 after acquiring an additional 54 shares during the period. Finally, TFC Financial Management Inc. raised its position in CDW by 61.1% in the third quarter. TFC Financial Management Inc. now owns 145 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 55 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CDW. JPMorgan Chase & Co. boosted their price target on shares of CDW from $267.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Barclays boosted their price target on shares of CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Evercore ISI boosted their price target on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Citigroup boosted their price target on shares of CDW from $255.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.67.

CDW Price Performance

CDW stock opened at $235.78 on Friday. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.23 and a quick ratio of 1.11. CDW Co. has a one year low of $161.53 and a one year high of $263.37. The stock has a market cap of $31.68 billion, a PE ratio of 29.11, a P/E/G ratio of 2.67 and a beta of 1.09. The firm has a 50 day simple moving average of $247.22 and a two-hundred day simple moving average of $227.29.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company earned $2.40 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that CDW Co. will post 9.89 EPS for the current fiscal year.

CDW announced that its Board of Directors has initiated a share buyback plan 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 reacquire up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were paid a $0.62 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 1.05%. CDW’s dividend payout ratio is presently 30.62%.

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.