Jacobson & Schmitt Advisors LLC Buys 1,861 Shares of CDW Co. (NASDAQ:CDW)

Jacobson & Schmitt Advisors LLC increased its stake in shares of CDW Co. (NASDAQ:CDW) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,432 shares of the information technology services provider’s stock after buying an additional 1,861 shares during the quarter. CDW accounts for about 2.3% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 21st largest position. Jacobson & Schmitt Advisors LLC’s holdings in CDW were worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its position in shares of CDW by 1.1% during the 3rd quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider’s stock worth $1,294,288,000 after buying an additional 64,702 shares during the period. Geode Capital Management LLC lifted its position in shares of CDW by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider’s stock worth $785,635,000 after buying an additional 31,858 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of CDW during the 3rd quarter worth approximately $416,111,000. Janus Henderson Group PLC lifted its position in shares of CDW by 7,029.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock worth $331,891,000 after buying an additional 1,446,025 shares during the period. Finally, Barclays PLC lifted its position in shares of CDW by 0.3% during the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider’s stock worth $261,779,000 after buying an additional 3,424 shares during the period. Institutional investors own 93.15% of the company’s stock.

CDW Trading Up 1.1 %

CDW stock opened at $194.50 on Thursday. The company has a market cap of $25.92 billion, a P/E ratio of 24.40, a PEG ratio of 3.16 and a beta of 1.01. CDW Co. has a twelve month low of $168.43 and a twelve month 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. The business has a fifty day moving average of $185.64 and a 200-day moving average of $200.28.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, equities research analysts expect that CDW Co. will post 9.41 EPS for the current year.

CDW announced that its Board of Directors has approved a share repurchase program on Wednesday, February 5th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.625 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.29%. CDW’s dividend payout ratio (DPR) is presently 31.37%.

Analyst Ratings Changes

CDW has been the subject of several research analyst reports. UBS Group cut 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. Barclays lifted their price objective on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Redburn Atlantic initiated coverage on CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective for the company. JPMorgan Chase & Co. downgraded CDW from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Finally, Morgan Stanley lifted their price objective on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.67.

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.