Unigestion Holding SA Decreases Holdings in CDW Co. (NASDAQ:CDW)

Unigestion Holding SA trimmed its holdings in CDW Co. (NASDAQ:CDW) by 17.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 142,067 shares of the information technology services provider’s stock after selling 30,402 shares during the quarter. CDW accounts for about 1.4% of Unigestion Holding SA’s holdings, making the stock its 28th biggest holding. Unigestion Holding SA owned approximately 0.11% of CDW worth $24,724,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CDW. Allworth Financial LP grew its position in CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 52 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of CDW during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its stake in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 58 shares during the period. Canoe Financial LP increased its stake in shares of CDW by 68.3% in the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider’s stock worth $48,000 after buying an additional 112 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in CDW during the 4th quarter valued at $66,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

CDW has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. 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. Finally, UBS Group lowered their price target on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.50.

CDW Price Performance

CDW stock opened at $144.49 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. CDW Co. has a 1 year low of $141.80 and a 1 year high of $257.33. The firm has a 50-day moving average of $178.71 and a 200 day moving average of $189.30. The company has a market cap of $19.14 billion, a P/E ratio of 18.13, a PEG ratio of 3.21 and a beta of 1.01.

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, topping the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. On average, sell-side analysts forecast that CDW Co. will post 9.41 EPS for the current year.

CDW declared that its Board of Directors has initiated a share repurchase plan 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 repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW’s dividend payout ratio is presently 31.37%.

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.