CDW Co. (NASDAQ:CDW) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its stake in CDW Co. (NASDAQ:CDW) by 19.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,286 shares of the information technology services provider’s stock after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC’s holdings in CDW were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in CDW by 1.4% during the fourth quarter. Van ECK Associates Corp now owns 24,974 shares of the information technology services provider’s stock worth $4,346,000 after acquiring an additional 355 shares during the last quarter. Schwartz Investment Counsel Inc. increased its stake in CDW by 144.5% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 162,000 shares of the information technology services provider’s stock worth $28,194,000 after acquiring an additional 95,750 shares during the last quarter. Summit Trail Advisors LLC increased its stake in CDW by 1.4% during the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider’s stock worth $703,000 after acquiring an additional 56 shares during the last quarter. WCM Investment Management LLC increased its stake in CDW by 22.2% during the fourth quarter. WCM Investment Management LLC now owns 1,686 shares of the information technology services provider’s stock worth $292,000 after acquiring an additional 306 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in CDW by 1,168.1% during the fourth quarter. Entropy Technologies LP now owns 48,010 shares of the information technology services provider’s stock worth $8,356,000 after acquiring an additional 44,224 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

CDW has been the subject of several recent analyst reports. Barclays raised their target price on CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. UBS Group dropped their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $260.00 to $235.00 in a research note on Monday, October 28th. Morgan Stanley lifted their price objective 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, Redburn Atlantic started coverage on CDW in a research note on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, CDW has a consensus rating of “Moderate Buy” and an average target price of $242.67.

CDW Trading Up 1.0 %

NASDAQ:CDW opened at $189.39 on Monday. The firm has a market cap of $25.24 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 5.40 and a beta of 1.01. The stock has a fifty day moving average price of $184.91 and a 200 day moving average price of $200.62. CDW Co. has a 12-month low of $168.43 and a 12-month high of $263.37. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 2.38.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. Sell-side analysts anticipate that CDW Co. will post 9.35 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is 31.37%.

CDW announced that its Board of Directors has initiated a share buyback 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 purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.