CDW Co. (NASDAQ:CDW) Shares Acquired by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI boosted its holdings in CDW Co. (NASDAQ:CDW) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731,661 shares of the information technology services provider’s stock after purchasing an additional 146,273 shares during the quarter. Fiduciary Management Inc. WI owned approximately 0.55% of CDW worth $127,338,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CDW. Oddo BHF Asset Management Sas bought a new position in CDW during the 3rd quarter worth $1,629,000. Assenagon Asset Management S.A. grew its position in shares of CDW by 7,549.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider’s stock worth $44,601,000 after acquiring an additional 252,921 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of CDW by 12.7% in the 4th quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider’s stock worth $21,191,000 after acquiring an additional 13,748 shares during the period. Madison Investment Advisors LLC bought a new stake in CDW in the 4th quarter valued at about $130,996,000. Finally, Graphene Investments SAS boosted its stake in CDW by 17.6% during the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider’s stock valued at $3,028,000 after purchasing an additional 2,600 shares during the period. Institutional investors own 93.15% of the company’s stock.

CDW Price Performance

Shares of CDW stock opened at $151.47 on Friday. CDW Co. has a 52 week low of $137.31 and a 52 week high of $248.12. 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’s 50-day moving average price is $167.67 and its two-hundred day moving average price is $183.69. The stock has a market cap of $19.96 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97.

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

CDW Dividend Announcement

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

CDW declared that its Board of Directors has authorized a share buyback program on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on CDW. Barclays raised their price target 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. UBS Group lowered their target price on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on CDW from $222.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Citigroup reduced their price objective on shares of CDW from $220.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $217.38.

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.