CDW Co. (NASDAQ:CDW) Shares Acquired by Czech National Bank

Czech National Bank lifted its holdings in CDW Co. (NASDAQ:CDW) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 28,895 shares of the information technology services provider’s stock after buying an additional 1,685 shares during the quarter. Czech National Bank’s holdings in CDW were worth $5,029,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. PDS Planning Inc increased its stake in shares of CDW by 4.3% during the third quarter. PDS Planning Inc now owns 1,186 shares of the information technology services provider’s stock worth $268,000 after buying an additional 49 shares during the period. Profund Advisors LLC increased its position in shares of CDW by 0.5% in the 2nd quarter. Profund Advisors LLC now owns 12,469 shares of the information technology services provider’s stock valued at $2,791,000 after purchasing an additional 58 shares during the last quarter. OneAscent Wealth Management LLC raised its holdings in shares of CDW by 2.5% in the 3rd quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider’s stock valued at $540,000 after purchasing an additional 58 shares in the last quarter. Fulcrum Equity Management raised its holdings in shares of CDW by 4.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 60 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of CDW by 0.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 12,301 shares of the information technology services provider’s stock worth $2,753,000 after purchasing an additional 61 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CDW has been the topic of a number of analyst reports. UBS Group cut their price target on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Redburn Atlantic began coverage on CDW in a report on Friday, November 15th. They issued a “buy” rating and a $230.00 price target for the company. Barclays cut their price objective on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and dropped their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Trading Up 0.5 %

NASDAQ CDW opened at $187.46 on Thursday. The firm’s fifty day moving average is $179.66 and its two-hundred day moving average is $205.70. CDW Co. has a one year low of $168.43 and a one year high of $263.37. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. The firm has a market cap of $24.98 billion, a PE ratio of 22.92, a P/E/G ratio of 5.01 and a beta of 1.01.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a net margin of 5.33% and a return on equity of 58.31%. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Analysts expect that CDW Co. will post 8.99 earnings per share for the current year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 25th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.33%. This is a positive change from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. CDW’s dividend payout ratio (DPR) is 30.56%.

About CDW

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.