CDW Co. (NASDAQ:CDW) Shares Bought by Riverwater Partners LLC

Riverwater Partners LLC lifted its holdings in shares of CDW Co. (NASDAQ:CDW) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,912 shares of the information technology services provider’s stock after buying an additional 473 shares during the period. Riverwater Partners LLC’s holdings in CDW were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CDW. Allworth Financial LP grew its stake in shares of CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. OFI Invest Asset Management purchased a new position in CDW during the 4th quarter worth $32,000. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 38.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 58 shares during the period. Canoe Financial LP boosted its holdings in shares of CDW by 68.3% in the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 112 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of CDW during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Stock Down 4.7 %

CDW stock opened at $144.49 on Friday. CDW Co. has a fifty-two week low of $141.80 and a fifty-two week high of $257.33. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The stock’s fifty day moving average is $178.71 and its two-hundred day moving average is $189.54. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating 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%. Analysts predict that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW declared that its board has authorized a share buyback program on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.73%. CDW’s dividend payout ratio (DPR) is 31.37%.

Analyst Ratings Changes

CDW has been the subject of a number of recent analyst reports. 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. UBS Group decreased their price target on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays increased their price objective on CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.50.

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.