Universal Beteiligungs und Servicegesellschaft mbH Invests $24 Million in CDW Co. (NASDAQ:CDW)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CDW Co. (NASDAQ:CDW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 137,896 shares of the information technology services provider's stock, valued at approximately $23,999,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of CDW as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP increased its position in CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock worth $32,000 after buying an additional 52 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of CDW by 1.4% during the fourth quarter. Summit Trail Advisors LLC now owns 4,040 shares of the information technology services provider's stock worth $703,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of CDW by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,428 shares of the information technology services provider's stock worth $248,000 after purchasing an additional 61 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in shares of CDW by 1.7% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,223 shares of the information technology services provider's stock worth $735,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CDW. UBS Group cut their target price on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Citigroup increased their target price on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Barclays cut their target price on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on CDW from $222.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley increased their target price on CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.38.

Insider Activity at CDW

In other news, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the sale, the insider now directly owns 36,077 shares of the company's stock, valued at $6,887,099.30. This trade represents a 43.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christine A. Leahy sold 40,917 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $181.42, for a total value of $7,423,162.14. Following the completion of the sale, the insider now directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. The trade was a 22.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

CDW Price Performance

CDW stock traded down $5.60 during midday trading on Monday, reaching $174.76. 2,285,138 shares of the stock traded hands, compared to its average volume of 1,223,406. The stock's fifty day moving average is $166.39 and its 200-day moving average is $175.78. CDW Co. has a 12 month low of $137.31 and a 12 month high of $241.26. The stock has a market cap of $23.01 billion, a P/E ratio of 21.93, a PEG ratio of 3.21 and a beta of 0.91. 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 announced its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.19. CDW had a return on equity of 55.42% and a net margin of 5.13%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The firm's revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that CDW Co. will post 9.41 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, May 23rd. CDW's payout ratio is presently 30.98%.

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

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.