PFA Pension Forsikringsaktieselskab Purchases Shares of 117,595 CDW Corporation $CDW

Key Points

• PFA Pension Forsikringsaktieselskab purchased a new stake of 117,595 shares in CDW during Q4, worth about $16.27 million and representing roughly 0.09% of the company.
• Analysts are mixed but generally positive — CDW holds a consensus rating of Moderate Buy with an average price target of $160.43 after recent target adjustments from UBS, Morgan Stanley, Citigroup, Evercore and JPMorgan.
• CDW beat Q4 estimates with EPS $2.57 vs. $2.44 expected and revenue $5.51 billion vs. $5.33 billion expected, and it declared a $0.63 quarterly dividend (annualized $2.52, ~1.9% yield).

PFA Pension Forsikringsaktieselskab purchased a new stake in CDW Corporation (NASDAQ:CDW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 117,595 shares of the information technology services provider's stock, valued at approximately $16,274,000. PFA Pension Forsikringsaktieselskab owned about 0.09% of CDW at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of CDW in the 3rd quarter valued at about $26,000. Empowered Funds LLC grew its position in shares of CDW by 1.2% in the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider's stock valued at $2,897,000 after buying an additional 216 shares during the last quarter. Covestor Ltd grew its position in shares of CDW by 87.9% in the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider's stock valued at $77,000 after buying an additional 226 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of CDW by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,100 shares of the information technology services provider's stock valued at $6,546,000 after buying an additional 255 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of CDW by 30.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,188 shares of the information technology services provider's stock valued at $162,000 after buying an additional 277 shares during the last quarter. Institutional investors own 93.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley upped their target price on CDW from $141.00 to $142.00 and gave the company an "equal weight" rating in a research report on Thursday, February 5th. Citigroup upped their target price on CDW from $148.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. UBS Group cut their target price on CDW from $190.00 to $162.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Evercore restated an "outperform" rating and set a $180.00 target price on shares of CDW in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. cut their target price on CDW from $170.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, CDW currently has an average rating of "Moderate Buy" and a consensus price target of $160.43.

CDW Price Performance

Shares of NASDAQ:CDW opened at $136.03 on Monday. The business's 50 day simple moving average is $125.36 and its two-hundred day simple moving average is $134.94. The firm has a market cap of $17.41 billion, a P/E ratio of 16.81, a PEG ratio of 1.87 and a beta of 1.04. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.18. CDW Corporation has a 52-week low of $112.98 and a 52-week high of $192.30.

CDW (NASDAQ:CDW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.13. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.33 billion. CDW had a return on equity of 50.66% and a net margin of 4.76%.The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 earnings per share. As a group, research analysts forecast that CDW Corporation will post 10.01 EPS for the current fiscal year.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a $0.63 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.52 annualized dividend and a yield of 1.9%. CDW's dividend payout ratio is presently 31.15%.

About CDW

CDW NASDAQ: CDW is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

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