Nilsine Partners LLC Reduces Holdings in CDW Co. (NASDAQ:CDW)

Nilsine Partners LLC reduced its position in CDW Co. (NASDAQ:CDW) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,806 shares of the information technology services provider’s stock after selling 114 shares during the period. Nilsine Partners LLC’s holdings in CDW were worth $314,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CDW. 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 valued at $13,114,000 after purchasing an additional 4,720 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CDW by 9.6% during 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 buying an additional 286 shares during the last quarter. Quarry LP purchased a new position in shares of CDW during the second quarter worth about $81,000. Cetera Investment Advisers increased its position in CDW by 33.4% in the 2nd quarter. Cetera Investment Advisers now owns 12,893 shares of the information technology services provider’s stock valued at $2,886,000 after acquiring an additional 3,228 shares during the period. Finally, Pensioenfonds Rail & OV raised its stake in CDW by 1.1% during the 2nd quarter. Pensioenfonds Rail & OV now owns 176,756 shares of the information technology services provider’s stock valued at $39,565,000 after acquiring an additional 1,954 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group dropped their target price on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Barclays dropped their price target on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, Redburn Atlantic assumed coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.33.

CDW Stock Up 0.4 %

CDW stock opened at $195.53 on Thursday. CDW Co. has a 52 week low of $168.43 and a 52 week high of $263.37. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The company has a market cap of $26.06 billion, a P/E ratio of 23.90, a P/E/G ratio of 5.26 and a beta of 1.01. The company’s 50-day moving average price is $180.92 and its 200 day moving average price is $203.85.

CDW (NASDAQ:CDW) last released its quarterly earnings data 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). The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 earnings per share. On average, research analysts expect that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

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