Capital Analysts LLC Has $93,000 Holdings in CDW Co. (NASDAQ:CDW)

Capital Analysts LLC grew its holdings in shares of CDW Co. (NASDAQ:CDW) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406 shares of the information technology services provider’s stock after acquiring an additional 71 shares during the quarter. Capital Analysts LLC’s holdings in CDW were worth $93,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CDW. Cambridge Investment Research Advisors Inc. raised its stake in CDW by 9.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,513 shares of the information technology services provider’s stock worth $1,165,000 after acquiring an additional 547 shares in the last quarter. Acadian Asset Management LLC acquired a new position in CDW during the first quarter worth about $103,000. Panagora Asset Management Inc. grew its holdings in shares of CDW by 160.4% during the first quarter. Panagora Asset Management Inc. now owns 4,645 shares of the information technology services provider’s stock worth $831,000 after purchasing an additional 2,861 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of CDW by 0.3% during the first quarter. Yousif Capital Management LLC now owns 20,523 shares of the information technology services provider’s stock worth $3,671,000 after purchasing an additional 65 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of CDW by 1.5% during the first quarter. Blair William & Co. IL now owns 33,977 shares of the information technology services provider’s stock worth $6,078,000 after purchasing an additional 515 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Price Performance

CDW stock opened at $235.70 on Friday. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.72 and a beta of 1.09. CDW Co. has a 52-week low of $160.66 and a 52-week high of $263.37. The stock’s 50 day moving average price is $247.41 and its two-hundred day moving average price is $227.05. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.11 and a current ratio of 1.23.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.01. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.32 billion. CDW had a return on equity of 73.93% and a net margin of 5.17%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.40 EPS. On average, equities analysts predict that CDW Co. will post 9.88 earnings per share for the current year.

CDW declared that its Board of Directors has authorized a share 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 purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

CDW Announces Dividend

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

Analyst Upgrades and Downgrades

CDW has been the topic of several research reports. Barclays boosted their price target on CDW from $219.00 to $261.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Evercore ISI boosted their price target on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Citigroup boosted their price target on CDW from $255.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. boosted their price target on CDW from $267.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, CDW presently has an average rating of “Moderate Buy” and an average price target of $238.90.

CDW Company Profile

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.