Brown Brothers Harriman & Co. Has $284,000 Holdings in CDW Co. (NASDAQ:CDW)

Brown Brothers Harriman & Co. lifted its position in shares of CDW Co. (NASDAQ:CDW) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,634 shares of the information technology services provider’s stock after purchasing an additional 261 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in CDW were worth $284,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in 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 valued at $331,891,000 after purchasing an additional 1,446,025 shares in the last quarter. Norges Bank acquired a new position in shares of CDW during the fourth quarter valued at about $144,826,000. Holocene Advisors LP bought a new stake in shares of CDW during the third quarter worth about $172,217,000. Madison Investment Advisors LLC acquired a new stake in shares of CDW in the 4th quarter worth about $130,996,000. Finally, Proficio Capital Partners LLC lifted its position in CDW by 18,259.3% in the 4th quarter. Proficio Capital Partners LLC now owns 687,189 shares of the information technology services provider’s stock valued at $119,598,000 after acquiring an additional 683,446 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Performance

Shares of CDW stock opened at $160.26 on Tuesday. The business’s fifty day simple moving average is $181.83 and its 200 day simple moving average is $190.93. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. CDW Co. has a 12 month low of $158.76 and a 12 month high of $263.37. The firm has a market capitalization of $21.23 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

CDW (NASDAQ:CDW) last released its 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 return on equity of 55.42% and a net margin of 5.13%. As a group, analysts anticipate that CDW Co. will post 9.41 EPS for the current year.

CDW announced that its board has approved a share repurchase program on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, February 25th. CDW’s payout ratio is 31.37%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CDW. Morgan Stanley boosted their price objective on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Barclays upped their price target on CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.50.

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.