CDW Co. (NASDAQ:CDW) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in CDW Co. (NASDAQ:CDW) by 45.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,630 shares of the information technology services provider’s stock after acquiring an additional 3,968 shares during the quarter. Mizuho Securities USA LLC’s holdings in CDW were worth $2,198,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CDW. Quantbot Technologies LP grew its position in CDW by 453.5% during the 4th quarter. Quantbot Technologies LP now owns 103,856 shares of the information technology services provider’s stock worth $18,075,000 after purchasing an additional 85,092 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in shares of CDW by 257.6% during the fourth quarter. Blueshift Asset Management LLC now owns 5,057 shares of the information technology services provider’s stock worth $880,000 after buying an additional 3,643 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of CDW by 10.3% during the fourth quarter. iA Global Asset Management Inc. now owns 15,024 shares of the information technology services provider’s stock valued at $2,615,000 after buying an additional 1,408 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of CDW in the 4th quarter valued at $516,000. Finally, Harvest Fund Management Co. Ltd raised its stake in CDW by 27.5% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 7,843 shares of the information technology services provider’s stock worth $1,365,000 after acquiring an additional 1,690 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Trading Up 2.9 %

CDW stock opened at $170.31 on Tuesday. The firm has a market cap of $22.56 billion, a PE ratio of 21.37, a P/E/G ratio of 3.21 and a beta of 1.01. CDW Co. has a 12 month low of $162.84 and a 12 month high of $263.37. The stock’s 50 day simple moving average is $184.19 and its two-hundred day simple moving average is $192.73. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) 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%. Analysts anticipate that CDW Co. will post 9.41 earnings per share for the current year.

CDW announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.625 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.47%. CDW’s dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CDW shares. Barclays boosted their price target on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. UBS Group cut their price target 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, Morgan Stanley lifted their price objective on shares of CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $235.50.

CDW Company 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.