CDW Co. (NASDAQ:CDW) Stock Holdings Decreased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its stake in shares of CDW Co. (NASDAQ:CDW) by 82.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,156 shares of the information technology services provider’s stock after selling 61,412 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in CDW were worth $2,289,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its stake in CDW by 39.7% during the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of CDW by 1.4% in the 4th quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider’s stock valued at $703,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust grew its position in shares of CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 58 shares during the last quarter. Fulcrum Equity Management raised its stake in CDW by 4.3% during the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider’s stock worth $326,000 after acquiring an additional 60 shares during the period. Finally, Jacobi Capital Management LLC lifted its holdings in CDW by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider’s stock worth $248,000 after acquiring an additional 61 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CDW. Barclays increased their price target on CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. UBS Group dropped 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. Finally, Morgan Stanley boosted their price target on shares of CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, CDW has an average rating of “Moderate Buy” and an average price target of $235.50.

CDW Price Performance

Shares of NASDAQ CDW opened at $164.47 on Thursday. The stock has a market cap of $21.79 billion, a P/E ratio of 20.64, a P/E/G ratio of 3.21 and a beta of 1.01. The firm’s 50-day simple moving average is $180.64 and its 200 day simple moving average is $190.34. CDW Co. has a fifty-two week low of $158.76 and a fifty-two week high of $263.37. 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 (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 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%. Equities analysts expect that CDW Co. will post 9.41 EPS for the current year.

CDW Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.52%. 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 stock buyback plan on Wednesday, February 5th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.