2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its position in CDW Co. (NASDAQ:CDW – Free Report) by 63.
5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 316,064 shares of the information technology services provider’s stock after selling 550,245 shares during the period. JPMorgan Chase & Co.
owned about 0.24% of CDW worth $55,008,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors also recently made changes to their positions in the company.
Elo Mutual Pension Insurance Co lifted its holdings in CDW by 21.4% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,436 shares of the information technology services provider’s stock valued at $2,512,000 after buying an additional 2,543 shares during the period.
Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of CDW by 3.
6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd.
now owns 1,466,071 shares of the information technology services provider’s stock worth $255,434,000 after purchasing an additional 50,805 shares during the last quarter. Florida Financial Advisors LLC grew its stake in shares of CDW by 22.6% during the fourth quarter.
Florida Financial Advisors LLC now owns 3,024 shares of the information technology services provider’s stock worth $526,000 after purchasing an additional 557 shares during the period. Bay Capital Advisors LLC bought a new stake in CDW in the fourth quarter valued at about $261,000. Finally, FineMark National Bank & Trust boosted its holdings in CDW by 46.
0% during the fourth quarter. FineMark National Bank & Trust now owns 83,078 shares of the information technology services provider’s stock worth $14,459,000 after buying an additional 26,161 shares during the last quarter. 93.
15% of the stock is owned by institutional investors and hedge funds. CDW Price PerformanceShares of NASDAQ CDW opened at $144.49 on Friday.
The company has a fifty day moving average price of $178.71 and a 200 day moving average price of $189.30.
CDW Co. has a 1-year low of $141.80 and a 1-year high of $257.
33. The firm has a market cap of $19.14 billion, a PE ratio of 18.
13, a PEG ratio of 3.21 and a beta of 1.01.
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 (NASDAQ:CDW – Get Free Report) last announced its earnings results on Wednesday, February 5th. The information technology services provider reported $2.
40 earnings per share (EPS) for the quarter, beating 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%.
Research analysts predict that CDW Co. will post 9.41 earnings per share for the current fiscal year.
CDW Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.625 per share.
This represents a $2.50 annualized dividend and a yield of 1.73%.
The ex-dividend date was Tuesday, February 25th. CDW’s payout ratio is 31.37%.
CDW declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 5th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 2.
7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued. Analyst Ratings ChangesA number of analysts have recently commented on the company.
Barclays upped their price target on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th.
Morgan Stanley increased their target price on shares of CDW from $193.00 to $201.00 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CDW currently has an average rating of “Moderate Buy” and a consensus target price of $235.
50.Check Out Our Latest Report on CDWCDW 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.
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