Dimensional Fund Advisors LP Buys 13,220 Shares of CDW Co. (NASDAQ:CDW)

Dimensional Fund Advisors LP increased its position in CDW Co. (NASDAQ:CDW - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,350,165 shares of the information technology services provider's stock after buying an additional 13,220 shares during the quarter. Dimensional Fund Advisors LP owned about 1.01% of CDW worth $234,982,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of CDW by 1.4% in the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock valued at $703,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock valued at $36,000 after buying an additional 58 shares during the period. Fulcrum Equity Management lifted its holdings in shares of CDW by 4.3% in the third quarter. Fulcrum Equity Management now owns 1,442 shares of the information technology services provider's stock valued at $326,000 after buying an additional 60 shares during the period. Finally, Jacobi Capital Management LLC lifted its holdings in shares of CDW by 4.5% in the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock valued at $248,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Down 0.6 %

Shares of NASDAQ:CDW traded down $0.99 during trading on Friday, reaching $157.95. 1,042,342 shares of the company traded hands, compared to its average volume of 1,181,850. The firm has a fifty day simple moving average of $164.15 and a 200 day simple moving average of $180.81. The firm has a market cap of $20.81 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. CDW Co. has a 1-year low of $137.31 and a 1-year high of $248.12. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38.

CDW (NASDAQ:CDW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that CDW Co. will post 9.41 earnings per share for the current fiscal year.

CDW announced that its board has initiated a stock repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's payout ratio is presently 31.37%.

Analyst Ratings Changes

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

CDW Company 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.