Greenleaf Trust increased its position in shares of CDW Co. (NASDAQ:CDW – Get Rating) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,339 shares of the information technology services provider’s stock after acquiring an additional 250 shares during the quarter. Greenleaf Trust’s holdings in CDW were worth $418,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CDW. Steel Peak Wealth Management LLC boosted its holdings in shares of CDW by 7.0% in the 4th quarter. Steel Peak Wealth Management LLC now owns 2,735 shares of the information technology services provider’s stock valued at $488,000 after acquiring an additional 178 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of CDW by 2.0% in the 4th quarter. Lindbrook Capital LLC now owns 3,442 shares of the information technology services provider’s stock valued at $615,000 after acquiring an additional 67 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in CDW by 1.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 10,978 shares of the information technology services provider’s stock worth $2,182,000 after buying an additional 190 shares in the last quarter. Empirical Finance LLC boosted its holdings in CDW by 9.0% during the fourth quarter. Empirical Finance LLC now owns 3,392 shares of the information technology services provider’s stock worth $606,000 after buying an additional 280 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in CDW during the fourth quarter worth $339,000. Institutional investors own 92.78% of the company’s stock.
Insider Activity at CDW
In other CDW news, Director Donna F. Zarcone sold 4,703 shares of the company’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $203.23, for a total value of $955,790.69. Following the sale, the director now directly owns 18,058 shares in the company, valued at $3,669,927.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.
CDW Price Performance
CDW (NASDAQ:CDW – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.48 by $0.02. CDW had a return on equity of 103.95% and a net margin of 4.69%. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the business posted $1.98 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that CDW Co. will post 9.9 EPS for the current fiscal year.
CDW declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 8th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
CDW Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were paid a $0.59 dividend. The ex-dividend date was Thursday, February 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.27%. CDW’s payout ratio is 29.03%.
Analyst Ratings Changes
CDW has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of CDW from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, December 20th. Citigroup raised their price objective on shares of CDW from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Morgan Stanley raised their price objective on shares of CDW from $217.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, February 9th. StockNews.com initiated coverage on shares of CDW in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Raymond James boosted their price objective on shares of CDW from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $221.86.
CDW Profile
CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.
Featured Articles
- Get a free copy of the StockNews.com research report on CDW (CDW)
- Costco Sales Disappoint, Markets Are Missing This Upside Driver
- First Republic Bank Is A Speculative Play, Here’s Why
- The WD-40 Company Bottoms With Reversal In Sight
- 3 Low-Cost Stock ETFs That Are Crushing It This Year
- FedEx Takes Flight; Analysts See More Gains Ahead
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. (NASDAQ:CDW – Get Rating).
Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.
