CDW Co. (NASDAQ:CDW) Stock Holdings Raised by KBC Group NV

KBC Group NV grew its stake in CDW Co. (NASDAQ:CDW) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,753 shares of the information technology services provider’s stock after purchasing an additional 994 shares during the quarter. KBC Group NV’s holdings in CDW were worth $5,352,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. PDS Planning Inc lifted its holdings in CDW by 4.3% during the 3rd 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 last quarter. OneAscent Wealth Management LLC boosted its holdings in CDW by 2.5% in the third quarter. OneAscent Wealth Management LLC now owns 2,387 shares of the information technology services provider’s stock worth $540,000 after purchasing an additional 58 shares during the period. Fulcrum Equity Management increased 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 valued at $326,000 after purchasing an additional 60 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of CDW by 4.6% during the third quarter. WCM Investment Management LLC now owns 1,380 shares of the information technology services provider’s stock worth $313,000 after purchasing an additional 61 shares during the period. Finally, Harbour Trust & Investment Management Co lifted its position in shares of CDW by 0.3% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 20,869 shares of the information technology services provider’s stock worth $4,723,000 after buying an additional 62 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Price Performance

Shares of NASDAQ CDW opened at $197.76 on Friday. The firm’s 50-day simple moving average is $181.31 and its 200 day simple moving average is $203.80. The stock has a market cap of $26.35 billion, a P/E ratio of 24.18, a P/E/G ratio of 5.26 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. CDW Co. has a fifty-two week low of $168.43 and a fifty-two week high of $263.37.

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

CDW Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a dividend of $0.625 per share. This is a positive change from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Monday, November 25th. CDW’s dividend payout ratio (DPR) is presently 30.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CDW shares. JPMorgan Chase & Co. downgraded shares of CDW from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Barclays dropped their price target on CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. UBS Group reduced their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley increased their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Finally, Redburn Atlantic assumed coverage on shares of CDW in a report on Friday, November 15th. They set a “buy” rating and a $230.00 price target for the company. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.33.

CDW 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.