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
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.
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.
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