Captrust Financial Advisors Boosts Stock Position in CDW Co. (NASDAQ:CDW)

Captrust Financial Advisors lifted its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,887 shares of the information technology services provider's stock after purchasing an additional 5,500 shares during the period. Captrust Financial Advisors' holdings in CDW were worth $2,939,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Alyeska Investment Group L.P. grew its position in shares of CDW by 17,349.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,380,787 shares of the information technology services provider's stock worth $240,312,000 after buying an additional 1,372,874 shares during the last quarter. Norges Bank purchased a new stake in CDW in the fourth quarter worth $144,826,000. Madison Investment Advisors LLC bought a new stake in CDW in the fourth quarter valued at $130,996,000. Proficio Capital Partners LLC increased its position in CDW by 18,259.3% during the 4th quarter. Proficio Capital Partners LLC now owns 687,189 shares of the information technology services provider's stock valued at $119,598,000 after purchasing an additional 683,446 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in CDW by 31.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,414,093 shares of the information technology services provider's stock worth $420,149,000 after purchasing an additional 575,333 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Stock Up 1.0%

CDW stock traded up $1.86 during mid-day trading on Tuesday, reaching $190.68. The stock had a trading volume of 1,637,406 shares, compared to its average volume of 1,208,962. CDW Co. has a one year low of $137.31 and a one year high of $241.26. The company has a 50-day moving average price of $161.92 and a two-hundred day moving average price of $177.03. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.21 and a beta of 0.91. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24.

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

CDW announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 5th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

CDW Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, May 23rd. This represents a $2.50 annualized dividend and a dividend yield of 1.31%. CDW's payout ratio is 30.98%.

Insider Transactions at CDW

In other CDW news, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 144,931 shares of the company's stock, valued at approximately $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CDW shares. Morgan Stanley lifted their target price on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. UBS Group lowered their target price on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays reduced their price target on CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup raised 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $216.38.

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.