CDW Co. (NASDAQ:CDW) Shares Acquired by KBC Group NV

KBC Group NV lifted its position in shares of CDW Co. (NASDAQ:CDW) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,753 shares of the information technology services provider’s stock after buying an additional 994 shares during the period. KBC Group NV’s holdings in CDW were worth $5,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canoe Financial LP acquired a new stake in shares of CDW during the third quarter worth $37,000. Fortitude Family Office LLC grew its holdings in CDW by 350.0% in the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 133 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of CDW during the 3rd quarter valued at about $43,000. Covestor Ltd lifted its holdings in shares of CDW by 80.1% during the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 109 shares during the period. Finally, Quarry LP acquired a new stake in shares of CDW in the second quarter worth approximately $81,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Trading Up 1.1 %

CDW opened at $197.76 on Friday. The firm has a market capitalization of $26.35 billion, a P/E ratio of 24.18, a P/E/G ratio of 5.26 and a beta of 1.01. The firm’s 50 day moving average is $181.31 and its 200-day moving average is $203.80. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. CDW Co. has a 52-week low of $168.43 and a 52-week high of $263.37.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.72 billion. CDW had a return on equity of 58.31% and a net margin of 5.33%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 EPS. Analysts expect 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. Investors of record on Monday, November 25th were paid a $0.625 dividend. This is a boost from CDW’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, November 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.26%. CDW’s payout ratio is 30.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CDW shares. Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 price target for the company. Morgan Stanley increased their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Barclays lowered their price target on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CDW has a consensus rating of “Moderate Buy” and an average price target of $239.33.

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.