Axa S.A. Has $8.10 Million Holdings in CDW Co. (NASDAQ:CDW)

Axa S.A. grew its position in CDW Co. (NASDAQ:CDW) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,519 shares of the information technology services provider’s stock after purchasing an additional 5,503 shares during the period. Axa S.A.’s holdings in CDW were worth $8,096,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in CDW by 7,549.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider’s stock valued at $44,601,000 after purchasing an additional 252,921 shares during the period. Franklin Resources Inc. grew its position in CDW by 12.7% during the fourth quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider’s stock valued at $21,191,000 after purchasing an additional 13,748 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in CDW in the 4th quarter valued at approximately $130,996,000. Graphene Investments SAS lifted its position in CDW by 17.6% in the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider’s stock worth $3,028,000 after buying an additional 2,600 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of CDW by 29.2% during the 4th quarter. Wellington Management Group LLP now owns 2,538,775 shares of the information technology services provider’s stock valued at $441,848,000 after buying an additional 574,444 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their price target on CDW from $222.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Citigroup lowered their price target on CDW from $220.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Morgan Stanley raised their price objective on shares of CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Barclays boosted their target price 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $217.38.

CDW Trading Down 0.6 %

Shares of CDW stock opened at $165.75 on Tuesday. The business’s 50 day moving average is $161.17 and its two-hundred day moving average is $178.35. The company has a quick ratio of 1.24, a current ratio of 1.35 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 $241.26. The company has a market cap of $21.84 billion, a PE ratio of 20.80, a price-to-earnings-growth 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%. Equities analysts predict that CDW Co. will post 9.41 EPS for the current year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is currently 31.37%.

CDW announced that its board has authorized a stock repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.