Steward Partners Investment Advisory LLC Has $1.85 Million Stock Holdings in CDW Co. (NASDAQ:CDW)

Steward Partners Investment Advisory LLC lifted its holdings in CDW Co. (NASDAQ:CDWFree Report) by 14.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,126 shares of the information technology services provider’s stock after purchasing an additional 1,002 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in CDW were worth $1,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CDW. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CDW by 4.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,380,123 shares of the information technology services provider’s stock valued at $299,901,000 after acquiring an additional 64,140 shares in the last quarter. Northern Trust Corp lifted its stake in CDW by 1.6% in the 3rd quarter. Northern Trust Corp now owns 1,331,127 shares of the information technology services provider’s stock valued at $268,568,000 after acquiring an additional 20,345 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CDW by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,135,792 shares of the information technology services provider’s stock valued at $258,196,000 after acquiring an additional 33,235 shares in the last quarter. American Century Companies Inc. lifted its stake in CDW by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 832,548 shares of the information technology services provider’s stock valued at $167,975,000 after acquiring an additional 20,152 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in CDW by 0.4% in the 4th quarter. California Public Employees Retirement System now owns 822,093 shares of the information technology services provider’s stock valued at $186,878,000 after acquiring an additional 3,082 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Trading Up 0.4 %

Shares of CDW stock opened at $223.62 on Friday. The business has a fifty day simple moving average of $236.62 and a two-hundred day simple moving average of $232.15. CDW Co. has a 1 year low of $167.73 and a 1 year high of $263.37. The company has a market capitalization of $30.05 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.29 and a beta of 1.09. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13.

CDW (NASDAQ:CDWGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.15). The business had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.94 billion. CDW had a net margin of 5.16% and a return on equity of 67.56%. Research analysts forecast that CDW Co. will post 9.67 EPS for the current year.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, May 23rd. CDW’s payout ratio is 30.96%.

CDW declared that its board has authorized a stock repurchase program on Wednesday, February 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have commented on CDW. Citigroup cut their target price on CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Stifel Nicolaus dropped their price objective on CDW from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI upped their price objective on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Finally, Barclays dropped their price objective on CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CDW currently has an average rating of “Moderate Buy” and a consensus price target of $247.50.

View Our Latest Stock Analysis on CDW

CDW Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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