CDW Co. (NASDAQ:CDW) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of CDW Co. (NASDAQ:CDW - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,012 shares of the information technology services provider's stock after purchasing an additional 3,524 shares during the quarter. Tidal Investments LLC's holdings in CDW were worth $3,135,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Teza Capital Management LLC bought a new position in shares of CDW during the 4th quarter valued at approximately $295,000. State of Wyoming boosted its holdings in CDW by 47.9% during the 4th quarter. State of Wyoming now owns 763 shares of the information technology services provider's stock valued at $133,000 after acquiring an additional 247 shares during the period. Toronto Dominion Bank boosted its holdings in CDW by 0.5% during the 4th quarter. Toronto Dominion Bank now owns 76,051 shares of the information technology services provider's stock valued at $13,236,000 after acquiring an additional 347 shares during the period. Siemens Fonds Invest GmbH boosted its holdings in CDW by 483.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 8,571 shares of the information technology services provider's stock valued at $1,492,000 after acquiring an additional 7,103 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in CDW during the 4th quarter valued at $855,000. Institutional investors own 93.15% of the company's stock.

CDW Stock Up 1.6%

Shares of CDW traded up $3.00 during trading hours on Tuesday, hitting $185.16. The company had a trading volume of 207,592 shares, compared to its average volume of 1,450,175. The company has a market capitalization of $24.38 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. CDW Co. has a one year low of $137.31 and a one year high of $241.26. The company's fifty day moving average price is $165.06 and its two-hundred day moving average price is $175.98.

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

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, May 23rd. CDW's dividend payout ratio is currently 30.98%.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CDW shares. 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. Citigroup boosted their price objective on CDW from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Barclays dropped their price objective on CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. UBS Group lowered their target price on CDW from $236.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lowered 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $216.38.

Insider Activity at CDW

In related news, insider Christine A. Leahy sold 40,917 shares of the company'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 transaction, the insider now directly owns 144,931 shares of the company's stock, valued at $26,293,382.02. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Frederick J. Kulevich sold 28,159 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the transaction, 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 disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

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.