CDW Co. (NASDAQ:CDW) is Makaira Partners LLC's 4th Largest Position

Makaira Partners LLC lessened its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 382,798 shares of the information technology services provider's stock after selling 1,762 shares during the quarter. CDW accounts for 10.4% of Makaira Partners LLC's portfolio, making the stock its 4th biggest holding. Makaira Partners LLC owned 0.29% of CDW worth $66,622,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CDW. Orion Capital Management LLC bought a new position in shares of CDW in the fourth quarter worth about $30,000. Allworth Financial LP boosted its position in CDW by 39.7% during the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after acquiring an additional 52 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of CDW in the 4th quarter worth $32,000. Parkside Financial Bank & Trust lifted its position in CDW by 38.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 58 shares during the period. Finally, Optiver Holding B.V. raised its stake in shares of CDW by 107.2% during the 4th quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CDW. UBS Group lowered their price objective on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup upped their price target on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley increased 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. JPMorgan Chase & Co. decreased 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, Barclays decreased 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. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $216.38.

Insider Activity

In other news, insider Christine A. Leahy sold 40,917 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 144,931 shares of the company's stock, valued at approximately $26,293,382.02. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederick J. Kulevich sold 28,159 shares of the company'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 owns 36,077 shares of the company's stock, valued at $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

CDW Stock Performance

CDW stock traded down $2.55 during mid-day trading on Friday, reaching $179.80. 1,046,284 shares of the company were exchanged, compared to its average volume of 1,219,969. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The firm's 50-day simple moving average is $166.24 and its two-hundred day simple moving average is $175.90. The firm has a market cap of $23.68 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 3.21 and a beta of 0.91. CDW Co. has a twelve month low of $137.31 and a twelve month high of $241.26.

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

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, May 23rd. CDW's dividend payout ratio is currently 30.98%.

CDW announced that its board has initiated a share buyback 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 buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership 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.