Natixis Advisors L.P. Reduces Holdings in CDW Co. (NASDAQ:CDW)

Natixis Advisors L.P. trimmed its position in shares of CDW Co. (NASDAQ:CDW - Free Report) by 37.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 88,586 shares of the information technology services provider's stock after selling 52,939 shares during the quarter. Natixis Advisors L.P. owned about 0.07% of CDW worth $20,136,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Scotia Capital Inc. increased its holdings in CDW by 1.5% in the 3rd quarter. Scotia Capital Inc. now owns 3,495 shares of the information technology services provider's stock worth $705,000 after buying an additional 50 shares in the last quarter. Diversified Trust Co lifted its position in CDW by 4.6% during the fourth quarter. Diversified Trust Co now owns 1,157 shares of the information technology services provider's stock valued at $263,000 after purchasing an additional 51 shares during the period. Phoenix Holdings Ltd. raised its stake in CDW by 4.3% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,262 shares of the information technology services provider's stock valued at $257,000 after buying an additional 52 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of CDW by 4.5% in the 4th quarter. Fidelis Capital Partners LLC now owns 1,229 shares of the information technology services provider's stock worth $279,000 after buying an additional 53 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in shares of CDW by 2.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,731 shares of the information technology services provider's stock worth $621,000 after acquiring an additional 56 shares during the period. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Stock Performance

Shares of NASDAQ:CDW traded up $2.26 during trading on Monday, hitting $221.82. The stock had a trading volume of 675,119 shares, compared to its average volume of 721,764. The stock has a 50-day simple moving average of $245.67 and a two-hundred day simple moving average of $229.47. The stock has a market capitalization of $29.81 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.16 and a beta of 1.09. CDW Co. has a 12-month low of $164.62 and a 12-month high of $263.37. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 2.35.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.01. CDW had a net margin of 5.16% and a return on equity of 67.56%. The company had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.32 billion. During the same quarter in the previous year, the company earned $2.40 earnings per share. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities research analysts expect that CDW Co. will post 9.89 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 11th. Shareholders of record on Friday, May 24th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, May 23rd. CDW's payout ratio is currently 30.96%.

CDW declared that its board has authorized a share buyback program on Wednesday, February 7th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of CDW from $250.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Citigroup lowered their price objective on shares of CDW from $295.00 to $260.00 and set a "buy" rating for the company in a research report on Thursday. Barclays reduced their target price on shares of CDW from $261.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Thursday. Stifel Nicolaus lowered their price target on CDW from $265.00 to $250.00 and set a "buy" rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on CDW from $280.00 to $265.00 and set an "overweight" rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CDW has an average rating of "Moderate Buy" and a consensus target price of $247.50.

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.