Nissay Asset Management Corp Japan ADV Grows Position in CDW Co. (NASDAQ:CDW)

Nissay Asset Management Corp Japan ADV increased its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,008 shares of the information technology services provider's stock after buying an additional 1,466 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in CDW were worth $5,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of CDW by 0.3% during the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider's stock valued at $261,779,000 after purchasing an additional 3,424 shares in the last quarter. Czech National Bank increased its holdings in shares of CDW by 6.2% during the 4th quarter. Czech National Bank now owns 28,895 shares of the information technology services provider's stock valued at $5,029,000 after purchasing an additional 1,685 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CDW by 7,549.9% during 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 purchasing an additional 252,921 shares in the last quarter. RDA Financial Network increased its holdings in shares of CDW by 37.8% during the 4th quarter. RDA Financial Network now owns 2,256 shares of the information technology services provider's stock valued at $393,000 after purchasing an additional 619 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of CDW during the 4th quarter valued at approximately $1,722,000. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Price Performance

CDW traded down $0.99 on Monday, hitting $188.04. 912,576 shares of the company's stock were exchanged, compared to its average volume of 1,218,452. CDW Co. has a fifty-two week low of $137.31 and a fifty-two week high of $241.26. 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 has a 50-day moving average price of $163.18 and a 200-day moving average price of $176.48. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 3.21 and a beta of 0.91.

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

CDW Announces Dividend

The business 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 of this dividend is Friday, May 23rd. This represents a $2.50 annualized dividend and a dividend yield of 1.33%. CDW's dividend payout ratio is presently 30.98%.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CDW. 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 report on Thursday, February 6th. Citigroup lifted their price target on shares of CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Barclays dropped their price target on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price target on shares of CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.38.

Insider Transactions at CDW

In other CDW news, insider Frederick J. Kulevich sold 28,159 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 36,077 shares in the company, valued at $6,887,099.30. This represents a 43.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine A. Leahy sold 40,917 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $181.42, for a total transaction of $7,423,162.14. Following the sale, the insider now owns 144,931 shares in the company, valued at $26,293,382.02. This trade represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.84% of the company's stock.

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.