Unison Asset Management LLC Boosts Stock Position in CDW Co. (NASDAQ:CDW)

Unison Asset Management LLC grew its holdings in shares of CDW Co. (NASDAQ:CDW) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,732 shares of the information technology services provider’s stock after purchasing an additional 982 shares during the quarter. CDW makes up 3.3% of Unison Asset Management LLC’s investment portfolio, making the stock its 15th largest holding. Unison Asset Management LLC’s holdings in CDW were worth $6,741,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of CDW by 1.1% during the 3rd quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider’s stock valued at $1,294,288,000 after acquiring an additional 64,702 shares during the period. Geode Capital Management LLC grew its holdings in CDW by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider’s stock valued at $785,635,000 after purchasing an additional 31,858 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in CDW in the third quarter worth $416,111,000. Janus Henderson Group PLC raised its stake in shares of CDW by 7,029.1% in the third quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock valued at $331,891,000 after buying an additional 1,446,025 shares during the period. Finally, Barclays PLC lifted its position in shares of CDW by 0.3% during the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider’s stock valued at $261,779,000 after buying an additional 3,424 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

NASDAQ:CDW opened at $192.02 on Friday. The stock has a market cap of $25.59 billion, a P/E ratio of 23.47, a PEG ratio of 5.39 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. The business’s 50-day moving average price is $183.54 and its two-hundred day moving average price is $202.63. CDW Co. has a twelve month low of $168.43 and a twelve month high of $263.37.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.33% and a return on equity of 58.31%. As a group, equities analysts predict that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW declared that its board has approved a stock repurchase program on Wednesday, February 5th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.30%. CDW’s dividend payout ratio is presently 30.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CDW shares. Morgan Stanley lifted their price objective on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays boosted their price target on shares of CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. downgraded shares of CDW from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $235.00 in a report on Monday, October 28th. UBS Group lowered their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Redburn Atlantic initiated coverage on CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.67.

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.