Ifrah Financial Services Inc. Has $275,000 Holdings in CDW Co. (NASDAQ:CDW)

Ifrah Financial Services Inc. decreased its holdings in CDW Co. (NASDAQ:CDW) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,212 shares of the information technology services provider’s stock after selling 74 shares during the quarter. Ifrah Financial Services Inc.’s holdings in CDW were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in CDW by 16.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 49,011 shares of the information technology services provider’s stock valued at $11,141,000 after purchasing an additional 6,799 shares in the last quarter. Cerity Partners LLC boosted its position in shares of CDW by 44.9% during the 4th quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider’s stock worth $3,308,000 after acquiring an additional 4,511 shares in the last quarter. Pacer Advisors Inc. increased its stake in CDW by 84.9% in the fourth quarter. Pacer Advisors Inc. now owns 15,924 shares of the information technology services provider’s stock valued at $3,620,000 after acquiring an additional 7,310 shares during the last quarter. JGP Wealth Management LLC acquired a new position in CDW during the fourth quarter valued at approximately $1,559,000. Finally, California Public Employees Retirement System lifted its stake in CDW by 1.0% during the third quarter. California Public Employees Retirement System now owns 819,011 shares of the information technology services provider’s stock worth $165,244,000 after purchasing an additional 7,854 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price target on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Stifel Nicolaus lowered their target price on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday. Barclays reduced their price target on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citigroup cut their target price on shares of CDW from $295.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.50.

CDW Trading Up 0.5 %

Shares of NASDAQ:CDW traded up $1.15 during mid-day trading on Friday, reaching $219.56. 805,670 shares of the company’s stock were exchanged, compared to its average volume of 768,724. The firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 2.47 and a beta of 1.09. CDW Co. has a twelve month low of $162.59 and a twelve month high of $263.37. The business’s fifty day moving average price is $245.67 and its 200-day moving average price is $229.16. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.11 and a current ratio of 1.26.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.01. CDW had a return on equity of 67.56% and a net margin of 5.16%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the company posted $2.40 EPS. The business’s revenue was down 7.7% on a year-over-year basis. On average, research analysts predict that CDW Co. will post 9.89 EPS for the current fiscal year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.13%. CDW’s dividend payout ratio (DPR) is currently 30.96%.

CDW announced that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

About CDW

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.