Fiduciary Management Inc. WI Buys 146,273 Shares of CDW Co. (NASDAQ:CDW)

Fiduciary Management Inc. WI increased its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 731,661 shares of the information technology services provider's stock after buying an additional 146,273 shares during the quarter. Fiduciary Management Inc. WI owned 0.55% of CDW worth $127,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new position in CDW in the 3rd quarter valued at $1,629,000. Assenagon Asset Management S.A. increased its holdings in CDW by 7,549.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider's stock worth $44,601,000 after buying an additional 252,921 shares during the last quarter. Franklin Resources Inc. raised its position in CDW by 12.7% in the fourth quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock worth $21,191,000 after acquiring an additional 13,748 shares during the period. Madison Investment Advisors LLC purchased a new position in CDW in the fourth quarter valued at about $130,996,000. Finally, Graphene Investments SAS grew its position in shares of CDW by 17.6% during the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider's stock valued at $3,028,000 after acquiring an additional 2,600 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Price Performance

Shares of CDW traded up $3.97 during trading hours on Thursday, reaching $158.83. 378,326 shares of the company's stock traded hands, compared to its average volume of 1,172,546. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. The firm's 50 day simple moving average is $165.45 and its 200-day simple moving average is $182.28. The stock has a market cap of $20.93 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. CDW Co. has a 12 month low of $137.31 and a 12 month high of $248.12.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping 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%. Equities analysts expect that CDW Co. will post 9.41 EPS for the current year.

CDW declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 5th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.625 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.57%. CDW's payout ratio is 31.37%.

Analyst Ratings Changes

CDW has been the topic of a number of research reports. Citigroup lowered their price target on shares of CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group dropped their price target on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Barclays lifted their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.38.

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.