1,738 Shares in CDW Co. (NASDAQ:CDW) Acquired by NorthRock Partners LLC

NorthRock Partners LLC purchased a new position in shares of CDW Co. (NASDAQ:CDWFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,738 shares of the information technology services provider’s stock, valued at approximately $395,000.

A number of other large investors also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CDW by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,380,123 shares of the information technology services provider’s stock valued at $299,901,000 after acquiring an additional 64,140 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CDW by 1.6% during the 3rd quarter. Northern Trust Corp now owns 1,331,127 shares of the information technology services provider’s stock valued at $268,568,000 after buying an additional 20,345 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of CDW by 3.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,315,983 shares of the information technology services provider’s stock worth $265,513,000 after buying an additional 41,472 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CDW by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,135,792 shares of the information technology services provider’s stock worth $258,196,000 after buying an additional 33,235 shares during the last quarter. Finally, Barclays PLC raised its holdings in CDW by 2.1% in the third quarter. Barclays PLC now owns 1,016,132 shares of the information technology services provider’s stock valued at $205,014,000 after acquiring an additional 20,934 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus lowered their price objective on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Citigroup reduced their price target on shares of CDW from $295.00 to $260.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Evercore ISI raised their price target on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. dropped their price target on shares of CDW from $280.00 to $265.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Barclays decreased their target price on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, CDW presently has an average rating of “Moderate Buy” and a consensus target price of $247.50.

Get Our Latest Report on CDW

CDW Trading Down 0.2 %

NASDAQ:CDW traded down $0.50 on Friday, reaching $223.64. The company’s stock had a trading volume of 1,299,254 shares, compared to its average volume of 760,786. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.13 and a current ratio of 1.26. CDW Co. has a 1-year low of $167.57 and a 1-year high of $263.37. The business’s 50-day moving average price is $240.85 and its two-hundred day moving average price is $230.64. The firm has a market cap of $30.06 billion, a PE ratio of 27.92, a PEG ratio of 3.30 and a beta of 1.09.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th will be paid a $0.62 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 1.11%. CDW’s dividend payout ratio is 30.96%.

CDW declared that its Board of Directors has authorized a share buyback program on Wednesday, February 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

CDW Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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