CDW Co. (NASDAQ:CDW) Shares Bought by Unigestion Holding SA

Unigestion Holding SA lifted its stake in shares of CDW Co. (NASDAQ:CDW) by 917.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,469 shares of the information technology services provider’s stock after purchasing an additional 155,517 shares during the quarter. CDW comprises 1.9% of Unigestion Holding SA’s portfolio, making the stock its 14th largest position. Unigestion Holding SA owned approximately 0.13% of CDW worth $39,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Partners LLC acquired a new position in CDW during the 2nd quarter valued at about $34,000. Quest Partners LLC bought a new stake in shares of CDW during the second quarter valued at approximately $35,000. Canoe Financial LP bought a new stake in shares of CDW during the third quarter valued at approximately $37,000. Fortitude Family Office LLC boosted its position in shares of CDW by 350.0% during the third quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock worth $39,000 after buying an additional 133 shares during the period. Finally, Summit Securities Group LLC bought a new position in CDW in the 2nd quarter worth approximately $40,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CDW. Barclays cut their target price on CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Redburn Atlantic started coverage on shares of CDW in a research note on Friday, November 15th. They set a “buy” rating and a $230.00 price objective on the stock. 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. Finally, Citigroup downgraded shares of CDW from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $250.00 to $245.00 in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.63.

CDW Price Performance

NASDAQ:CDW opened at $179.01 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. The business’s 50-day moving average price is $198.66 and its 200 day moving average price is $214.40. CDW Co. has a 52-week low of $172.95 and a 52-week high of $263.37. The firm has a market cap of $23.85 billion, a P/E ratio of 21.88, a PEG ratio of 5.06 and a beta of 1.02.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). CDW had a return on equity of 58.31% and a net margin of 5.33%. The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were issued a $0.625 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.40%. This is a boost from CDW’s previous quarterly dividend of $0.62. CDW’s dividend payout ratio is currently 30.56%.

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.