New Republic Capital LLC Buys New Holdings in CDW Co. (NASDAQ:CDW)

New Republic Capital LLC bought a new stake in shares of CDW Co. (NASDAQ:CDWFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,032 shares of the information technology services provider’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of CDW. UBS Group AG lifted its holdings in CDW by 60.7% in the 4th quarter. UBS Group AG now owns 194,686 shares of the information technology services provider’s stock worth $44,256,000 after buying an additional 73,503 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of CDW by 16.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,011 shares of the information technology services provider’s stock worth $11,141,000 after acquiring an additional 6,799 shares in the last quarter. Cerity Partners LLC raised its position in shares of CDW by 44.9% in the 4th quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider’s stock worth $3,308,000 after acquiring an additional 4,511 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of CDW by 84.9% in the 4th quarter. Pacer Advisors Inc. now owns 15,924 shares of the information technology services provider’s stock worth $3,620,000 after acquiring an additional 7,310 shares in the last quarter. Finally, JGP Wealth Management LLC bought a new position in shares of CDW in the 4th quarter worth approximately $1,559,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CDW has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI raised their price objective on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Citigroup reduced their price objective on CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Stifel Nicolaus reduced their price objective on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Barclays reduced their price objective on CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $247.50.

Check Out Our Latest Report on CDW

CDW Stock Performance

Shares of CDW stock traded down $4.49 on Wednesday, reaching $220.71. The stock had a trading volume of 1,346,985 shares, compared to its average volume of 738,373. The stock has a market cap of $29.66 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 3.40 and a beta of 1.09. CDW Co. has a 1 year low of $167.73 and a 1 year high of $263.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. The company has a 50 day simple moving average of $238.50 and a 200 day simple moving average of $232.12.

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

CDW Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.48 annualized dividend and a yield of 1.12%. CDW’s dividend payout ratio (DPR) is presently 30.96%.

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

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.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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