CDW Co. (NASDAQ:CDW) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in CDW Co. (NASDAQ:CDW - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,933 shares of the information technology services provider's stock after selling 1,607 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CDW were worth $3,293,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new position in shares of CDW in the 3rd quarter valued at $1,629,000. Assenagon Asset Management S.A. lifted its position in CDW by 7,549.9% in the fourth 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 during the last quarter. Franklin Resources Inc. boosted its stake in CDW by 12.7% during the fourth quarter. Franklin Resources Inc. now owns 121,757 shares of the information technology services provider's stock worth $21,191,000 after buying an additional 13,748 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of CDW during the fourth quarter valued at about $130,996,000. Finally, Graphene Investments SAS raised its stake in shares of CDW by 17.6% in 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays lifted their target price on shares of CDW from $201.00 to $223.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. Morgan Stanley boosted their price objective on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. UBS Group cut their price target on shares of CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Citigroup cut their target price on shares of CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $217.38.

CDW Stock Performance

Shares of CDW traded up $1.84 during midday trading on Thursday, reaching $162.40. 1,440,394 shares of the stock were exchanged, compared to its average volume of 1,184,059. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.21 and a beta of 0.97. 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 Co. has a twelve month low of $137.31 and a twelve month high of $241.26. The business's 50-day moving average price is $162.26 and its 200 day moving average price is $180.09.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. On average, sell-side analysts expect that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.54%. CDW's dividend payout ratio (DPR) is 31.37%.

CDW announced that its board has approved a stock buyback program on Wednesday, February 5th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire 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.

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.