Ossiam Has $503,000 Stake in CDW Co. (NASDAQ:CDW)

Ossiam lessened its position in CDW Co. (NASDAQ:CDW - Free Report) by 43.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,889 shares of the information technology services provider's stock after selling 2,200 shares during the period. Ossiam's holdings in CDW were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in CDW by 44.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,393 shares of the information technology services provider's stock worth $591,000 after purchasing an additional 1,045 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CDW by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,165 shares of the information technology services provider's stock worth $234,982,000 after buying an additional 13,220 shares in the last quarter. First Trust Advisors LP lifted its position in CDW by 27.5% during the 4th quarter. First Trust Advisors LP now owns 742,638 shares of the information technology services provider's stock worth $129,249,000 after buying an additional 160,089 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in CDW by 25.0% during the 4th quarter. Fiduciary Management Inc. WI now owns 731,661 shares of the information technology services provider's stock worth $127,338,000 after acquiring an additional 146,273 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of CDW by 30.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 156,449 shares of the information technology services provider's stock worth $27,228,000 after acquiring an additional 36,656 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Trading Down 0.2 %

CDW traded down $0.38 during mid-day trading on Monday, hitting $157.57. The stock had a trading volume of 216,415 shares, compared to its average volume of 1,178,082. CDW Co. has a 1-year low of $137.31 and a 1-year high of $248.12. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The stock's fifty day simple moving average is $164.15 and its 200-day simple moving average is $180.81.

CDW (NASDAQ:CDW - Get Free Report) last posted its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, research analysts forecast that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 5th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

CDW Dividend Announcement

The business also recently announced 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. The ex-dividend date was Tuesday, February 25th. This represents a $2.50 annualized dividend and a yield of 1.59%. CDW's dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CDW shares. JPMorgan Chase & Co. decreased their price target on shares of CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley increased their price objective on CDW from $193.00 to $201.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. UBS Group dropped their target price on CDW from $233.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their price target on CDW from $220.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays boosted their price objective on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CDW presently has an average rating of "Moderate Buy" and an average target price of $217.38.

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.