Trexquant Investment LP Acquires 10,923 Shares of CDW Co. (NASDAQ:CDW)

Trexquant Investment LP increased its stake in CDW Co. (NASDAQ:CDW) by 38.2% during the 4th quarter, Holdings Channel reports. The firm owned 39,487 shares of the information technology services provider’s stock after purchasing an additional 10,923 shares during the quarter. Trexquant Investment LP’s holdings in CDW were worth $6,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centiva Capital LP purchased a new stake in shares of CDW during the 3rd quarter valued at $447,000. Hilltop Holdings Inc. raised its position in CDW by 34.9% during the third quarter. Hilltop Holdings Inc. now owns 1,714 shares of the information technology services provider’s stock valued at $388,000 after purchasing an additional 443 shares in the last quarter. Investment Management Corp of Ontario lifted its stake in CDW by 49.5% during the third quarter. Investment Management Corp of Ontario now owns 4,531 shares of the information technology services provider’s stock worth $1,025,000 after purchasing an additional 1,500 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of CDW by 16.5% in the 3rd quarter. IHT Wealth Management LLC now owns 1,635 shares of the information technology services provider’s stock worth $353,000 after purchasing an additional 231 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of CDW by 22.8% during the 3rd quarter. Quantinno Capital Management LP now owns 31,533 shares of the information technology services provider’s stock valued at $7,136,000 after purchasing an additional 5,859 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Performance

Shares of NASDAQ:CDW opened at $151.57 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. The company has a 50-day moving average price of $179.73 and a 200-day moving average price of $190.07. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. CDW Co. has a 12 month low of $150.39 and a 12 month high of $263.37.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, equities analysts anticipate that CDW Co. will post 9.41 EPS for the current year.

CDW declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 5th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 2.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.65%. CDW’s dividend payout ratio is presently 31.37%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDW. UBS Group dropped their target price on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Barclays upped their price objective on shares of CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their price target on shares of CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $235.50.

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.