CDW Co. (NASDAQ:CDW) Stock Holdings Boosted by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its position in shares of CDW Co. (NASDAQ:CDW) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,373 shares of the information technology services provider’s stock after acquiring an additional 162 shares during the period. Brown Brothers Harriman & Co.’s holdings in CDW were worth $311,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd grew its position in shares of CDW by 48.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 6,153 shares of the information technology services provider’s stock worth $1,392,000 after acquiring an additional 2,002 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of CDW by 20.6% during the third quarter. Daiwa Securities Group Inc. now owns 26,999 shares of the information technology services provider’s stock worth $6,110,000 after acquiring an additional 4,620 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of CDW by 5.3% during the third quarter. Summit Trail Advisors LLC now owns 3,984 shares of the information technology services provider’s stock worth $902,000 after acquiring an additional 199 shares during the last quarter. Swedbank AB grew its position in shares of CDW by 1.8% during the third quarter. Swedbank AB now owns 52,123 shares of the information technology services provider’s stock worth $11,795,000 after acquiring an additional 928 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of CDW by 18.9% during the third quarter. Cerity Partners LLC now owns 39,301 shares of the information technology services provider’s stock worth $8,894,000 after acquiring an additional 6,235 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

NASDAQ:CDW opened at $176.75 on Thursday. CDW Co. has a twelve month low of $172.95 and a twelve month high of $263.37. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The company has a 50-day moving average of $207.78 and a 200-day moving average of $217.81. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 5.10 and a beta of 1.05.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.05). CDW had a net margin of 5.33% and a return on equity of 58.31%. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the business posted $2.60 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Monday, November 25th. 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 1.41%. CDW’s dividend payout ratio is currently 30.56%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Redburn Atlantic assumed coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 target price for the company. Citigroup lowered shares of CDW from a “buy” rating to a “neutral” rating and decreased their target price for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st. Barclays decreased their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $260.00 to $235.00 in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.63.

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.