Fidelis Capital Partners LLC Buys 53 Shares of CDW Co. (NASDAQ:CDW)

Fidelis Capital Partners LLC raised its stake in shares of CDW Co. (NASDAQ:CDW) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,229 shares of the information technology services provider’s stock after buying an additional 53 shares during the period. Fidelis Capital Partners LLC’s holdings in CDW were worth $279,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new stake in CDW during the third quarter worth about $25,000. VisionPoint Advisory Group LLC acquired a new stake in CDW during the third quarter worth about $28,000. TFC Financial Management Inc. grew its position in CDW by 61.1% during the third quarter. TFC Financial Management Inc. now owns 145 shares of the information technology services provider’s stock worth $29,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC acquired a new stake in CDW during the fourth quarter worth about $36,000. Finally, Oakworth Capital Inc. acquired a new stake in CDW during the fourth quarter worth about $36,000. 93.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CDW shares. Barclays lifted their price objective on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Evercore ISI lifted their price objective on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on CDW from $267.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup lifted their price objective on CDW from $255.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $242.67.

CDW Stock Performance

CDW stock opened at $235.78 on Friday. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.23 and a quick ratio of 1.11. The company has a 50 day moving average price of $247.22 and a 200 day moving average price of $227.29. CDW Co. has a fifty-two week low of $161.53 and a fifty-two week high of $263.37. The stock has a market capitalization of $31.68 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $2.40 EPS. CDW’s revenue was down 7.7% on a year-over-year basis. Analysts forecast that CDW Co. will post 9.89 EPS for the current year.

CDW declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 23rd. CDW’s dividend payout ratio is presently 30.62%.

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.