Mirabella Financial Services LLP Takes Position in CDW Co. (NASDAQ:CDW)

Mirabella Financial Services LLP purchased a new stake in CDW Co. (NASDAQ:CDW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,689 shares of the information technology services provider's stock, valued at approximately $1,163,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in 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 purchasing an additional 52 shares during the last quarter. OFI Invest Asset Management acquired a new position in CDW during the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in shares of CDW by 38.9% in 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. Canoe Financial LP raised its holdings in shares of CDW by 68.3% during the fourth quarter. Canoe Financial LP now owns 276 shares of the information technology services provider's stock valued at $48,000 after buying an additional 112 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in CDW during the 4th quarter worth $66,000. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Performance

NASDAQ:CDW traded down $0.99 during trading hours on Friday, hitting $157.95. 1,042,342 shares of the company traded hands, compared to its average volume of 1,178,821. CDW Co. has a twelve month low of $137.31 and a twelve month high of $248.12. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 3.21 and a beta of 0.97. The firm has a 50-day moving average of $164.15 and a 200 day moving average of $181.40.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. On average, analysts forecast that CDW Co. will post 9.41 EPS for the current year.

CDW announced that its board has authorized a share repurchase program on Wednesday, February 5th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW's dividend payout ratio is currently 31.37%.

Wall Street Analyst Weigh In

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