Longview Partners Guernsey LTD Reduces Stake in CDW Co. (NASDAQ:CDW)

Longview Partners Guernsey LTD lowered its position in CDW Co. (NASDAQ:CDW) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,557,883 shares of the information technology services provider’s stock after selling 110,187 shares during the period. CDW comprises about 3.3% of Longview Partners Guernsey LTD’s investment portfolio, making the stock its 20th biggest holding. Longview Partners Guernsey LTD owned 1.92% of CDW worth $445,174,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Advisory Research Inc. raised its position in CDW by 17.2% in the fourth quarter. Advisory Research Inc. now owns 10,984 shares of the information technology services provider’s stock worth $1,912,000 after acquiring an additional 1,610 shares during the period. Marshall Wace LLP purchased a new stake in shares of CDW in the 4th quarter worth $41,651,000. United Capital Financial Advisors LLC raised its holdings in CDW by 6.9% in the 4th quarter. United Capital Financial Advisors LLC now owns 3,139 shares of the information technology services provider’s stock worth $546,000 after purchasing an additional 203 shares during the period. Jump Financial LLC lifted its position in CDW by 2,521.7% during the fourth quarter. Jump Financial LLC now owns 94,668 shares of the information technology services provider’s stock valued at $16,476,000 after purchasing an additional 91,057 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in CDW by 0.6% during the fourth quarter. Guggenheim Capital LLC now owns 35,182 shares of the information technology services provider’s stock valued at $6,123,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. UBS Group reduced their target price on shares of CDW from $233.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Citigroup lowered their price target on shares of CDW from $220.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Barclays upped their price target on shares of CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $224.88.

CDW Stock Down 1.4 %

NASDAQ CDW opened at $148.77 on Thursday. 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 Co. has a 12 month low of $137.31 and a 12 month high of $248.12. The stock’s 50 day moving average is $169.27 and its 200 day moving average is $184.66. The stock has a market cap of $19.60 billion, a PE ratio of 18.67, a P/E/G ratio of 3.21 and a beta of 0.97.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. Research analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW announced that its board has approved a share repurchase program on Wednesday, February 5th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is presently 31.37%.

CDW Company 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.