22,259 Shares in CDW Co. (NASDAQ:CDW) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of CDW Co. (NASDAQ:CDW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,259 shares of the information technology services provider's stock, valued at approximately $3,874,000.

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

Analysts Set New Price Targets

CDW has been the subject of several research reports. Citigroup increased their price objective on CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. UBS Group reduced their price objective on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays reduced their price objective on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley increased their price objective on CDW from $193.00 to $201.00 and gave the company 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.38.

CDW Trading Up 0.3%

CDW traded up $0.60 during midday trading on Friday, reaching $189.03. 961,249 shares of the company were exchanged, compared to its average volume of 1,218,051. 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 Co. has a one year low of $137.31 and a one year high of $241.26. The stock has a market capitalization of $24.89 billion, a P/E ratio of 23.72, a PEG ratio of 3.21 and a beta of 0.91. The stock's 50-day simple moving average is $162.72 and its 200 day simple moving average is $176.90.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. CDW had a return on equity of 55.42% and a net margin of 5.13%. The firm had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $4.93 billion. During the same quarter last year, the business earned $1.92 earnings per share. The company's revenue was up 6.7% compared to the same quarter last year. As a group, analysts forecast that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.98%.

CDW declared that its board has authorized a share buyback plan 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 purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other CDW news, insider Christine A. Leahy sold 40,917 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the sale, the insider now owns 144,931 shares in the company, valued at approximately $26,293,382.02. The trade was a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frederick J. Kulevich sold 28,159 shares of CDW stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total transaction of $5,375,553.10. Following the completion of the sale, the insider now owns 36,077 shares in the company, valued at $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

CDW 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.