2 weeks Ago By ABMN Staff
Federated Hermes Inc. increased its stake in CDW Co. ( NASDAQ:CDW – Free Report ) by 23.
7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,092 shares of the information technology services provider’s stock after acquiring an additional 209 shares during the quarter. Federated Hermes Inc.
’s holdings in CDW were worth $190,000 at the end of the most recent reporting period. A number of other large investors also recently added to or reduced their stakes in CDW. Allworth Financial LP lifted its position in CDW by 39.
7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock worth $32,000 after buying an additional 52 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of CDW during the 4th quarter valued at about $32,000.
Parkside Financial Bank & Trust grew its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 58 shares during the period.
Canoe Financial LP increased its position in CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 112 shares during the last quarter.
Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in CDW during the fourth quarter worth about $66,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of research firms have commented on CDW. Citigroup reduced their target price on CDW from $220.00 to $160.
00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays upped their target price on shares of CDW from $201.00 to $223.
00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of CDW from $222.
00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group decreased their price objective on shares of CDW from $233.
00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley boosted their target price on CDW from $193.
00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $217.38. CDW Trading Up 1.
8 % NASDAQ:CDW opened at $151.47 on Friday. CDW Co.
has a 1 year low of $137.31 and a 1 year high of $248.12.
The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.
35. The stock has a fifty day moving average price of $167.67 and a two-hundred day moving average price of $183.
69. The stock has a market capitalization of $19.96 billion, a price-to-earnings ratio of 19.
01, a PEG ratio of 3.21 and a beta of 0.97.
CDW ( NASDAQ:CDW – Get Free Report ) last released its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping 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, sell-side analysts anticipate that CDW Co.
will post 9.41 earnings per share for the current fiscal year. CDW declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 5th that allows the company to repurchase $750.
00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.7% of its stock through open market purchases.
Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued. CDW Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.
625 dividend. This represents a $2.50 annualized dividend and a yield of 1.
65%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW’s payout ratio is 31.
37%. About CDW ( 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. Further Reading Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Co.
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