CDW Co. (NASDAQ:CDW) Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lifted its stake in shares of CDW Co. (NASDAQ:CDW – Get Rating) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 13,935 shares of the information technology services provider’s stock after purchasing an additional 56 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in CDW were worth $2,488,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CDW. SeaCrest Wealth Management LLC acquired a new stake in CDW during the second quarter worth about $40,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of CDW during the 3rd quarter valued at approximately $61,000. Knights of Columbus Asset Advisors LLC acquired a new position in CDW in the third quarter valued at approximately $62,000. Brown Brothers Harriman & Co. grew its position in CDW by 129.5% in the first quarter. Brown Brothers Harriman & Co. now owns 459 shares of the information technology services provider’s stock worth $82,000 after acquiring an additional 259 shares during the period. Finally, NuWave Investment Management LLC acquired a new stake in CDW during the third quarter worth $72,000. 92.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CDW shares. JPMorgan Chase & Co. upped their price target on CDW from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Credit Suisse Group increased their target price on shares of CDW from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Morgan Stanley boosted their price target on shares of CDW from $217.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, February 9th. Citigroup increased their price objective on shares of CDW from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Finally, StockNews.com began coverage on CDW in a research report on Thursday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $221.86.

Insider Buying and Selling

In other CDW news, Director Donna F. Zarcone sold 4,703 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $203.23, for a total value of $955,790.69. Following the sale, the director now directly owns 18,058 shares of the company’s stock, valued at approximately $3,669,927.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.67% of the stock is owned by insiders.

CDW Stock Performance

NASDAQ:CDW opened at $188.05 on Friday. CDW Co. has a 52 week low of $147.91 and a 52 week high of $215.00. The company has a fifty day simple moving average of $199.07 and a two-hundred day simple moving average of $182.86. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 3.66. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.13.

CDW (NASDAQ:CDW – Get Rating) last released its earnings results on Wednesday, February 8th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.48 by $0.02. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $6.19 billion. CDW had a return on equity of 103.95% and a net margin of 4.69%. CDW’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 EPS. As a group, equities analysts anticipate that CDW Co. will post 9.87 earnings per share for the current fiscal year.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $2.36 annualized dividend and a yield of 1.25%. CDW’s dividend payout ratio (DPR) is 29.03%.

CDW announced that its Board of Directors has initiated a share buyback program on Wednesday, February 8th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 2.8% 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

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CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.