Elo Mutual Pension Insurance Co Has $2.51 Million Holdings in CDW Co. (NASDAQ:CDW)

Elo Mutual Pension Insurance Co lifted its position in shares of CDW Co. (NASDAQ:CDW) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,436 shares of the information technology services provider’s stock after purchasing an additional 2,543 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CDW were worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of CDW in the 3rd quarter valued at $90,000. BNP Paribas Financial Markets grew its position in CDW by 6.5% in the third quarter. BNP Paribas Financial Markets now owns 241,781 shares of the information technology services provider’s stock valued at $54,715,000 after acquiring an additional 14,817 shares during the last quarter. Townsquare Capital LLC raised its stake in CDW by 9.9% during the third quarter. Townsquare Capital LLC now owns 17,650 shares of the information technology services provider’s stock worth $3,994,000 after acquiring an additional 1,589 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of CDW by 667.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,393 shares of the information technology services provider’s stock valued at $21,587,000 after purchasing an additional 82,970 shares in the last quarter. Finally, Fiduciary Trust Co grew its holdings in shares of CDW by 109.7% during the 3rd quarter. Fiduciary Trust Co now owns 3,874 shares of the information technology services provider’s stock valued at $877,000 after purchasing an additional 2,027 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDW has been the subject of a number of research reports. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Barclays lifted 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. Finally, UBS Group lowered 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.50.

CDW Price Performance

Shares of CDW opened at $161.51 on Friday. The firm has a market cap of $21.40 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. CDW Co. has a 52-week low of $160.96 and a 52-week high of $263.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The business’s 50 day moving average price is $182.40 and its two-hundred day moving average price is $191.68.

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

CDW Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.55%. CDW’s dividend payout ratio is 31.37%.

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