CDW Co. (NASDAQ:CDW) is Crescent Grove Advisors LLC’s 7th Largest Position

Crescent Grove Advisors LLC lessened its stake in shares of CDW Co. (NASDAQ:CDW) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 138,547 shares of the information technology services provider’s stock after selling 401 shares during the quarter. CDW makes up approximately 2.4% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Crescent Grove Advisors LLC’s holdings in CDW were worth $24,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CDW. Sei Investments Co. raised its holdings in shares of CDW by 10.6% in the second quarter. Sei Investments Co. now owns 29,927 shares of the information technology services provider’s stock worth $6,699,000 after buying an additional 2,867 shares during the period. AQR Capital Management LLC increased its stake in CDW by 8.8% in the second quarter. AQR Capital Management LLC now owns 58,585 shares of the information technology services provider’s stock worth $13,114,000 after purchasing an additional 4,720 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of CDW during the second quarter worth $23,104,000. MBB Public Markets I LLC purchased a new stake in shares of CDW during the second quarter valued at $2,165,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of CDW by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,261 shares of the information technology services provider’s stock worth $730,000 after purchasing an additional 286 shares during the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CDW shares. Citigroup lowered CDW from a “buy” rating to a “neutral” rating and lowered their price target for the company from $250.00 to $245.00 in a report on Tuesday, October 1st. Morgan Stanley upped their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Barclays cut their price target 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. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Finally, UBS Group cut their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Stock Performance

CDW stock opened at $195.13 on Friday. The firm has a 50-day simple moving average of $179.79 and a two-hundred day simple moving average of $204.45. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.28 and a current ratio of 1.40. CDW Co. has a one year low of $168.43 and a one year high of $263.37. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 5.26 and a beta of 1.01.

CDW (NASDAQ:CDW) last announced its earnings results 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 firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $2.60 earnings per share. CDW’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that CDW Co. will post 8.99 EPS for the current fiscal year.

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a $0.625 dividend. The ex-dividend date of this dividend was Monday, November 25th. This is a boost from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a yield of 1.28%. CDW’s dividend payout ratio (DPR) is 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.