Dempze Nancy E Sells 500 Shares of CDW Co. (NASDAQ:CDW)

Dempze Nancy E lessened its holdings in CDW Co. (NASDAQ:CDW) by 23.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,600 shares of the information technology services provider’s stock after selling 500 shares during the period. Dempze Nancy E’s holdings in CDW were worth $278,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on CDW shares. Barclays upped their target price on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, UBS Group decreased their target price 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, CDW has an average rating of “Moderate Buy” and a consensus target price of $235.50.

CDW Stock Performance

CDW stock opened at $144.49 on Friday. The stock has a market cap of $19.14 billion, a PE ratio of 18.13, a P/E/G ratio of 3.21 and a beta of 1.01. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. CDW Co. has a 12-month low of $141.80 and a 12-month high of $257.33. The business’s 50-day moving average price is $178.71 and its two-hundred day moving average price is $189.54.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts expect that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW declared that its board has approved a stock repurchase plan on Wednesday, February 5th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

CDW Announces Dividend

The company also recently disclosed 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. This represents a $2.50 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is 31.37%.

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.