Mondrian Investment Partners LTD Purchases 126,106 Shares of CDW Co. (NASDAQ:CDW)

Mondrian Investment Partners LTD lifted its holdings in shares of CDW Co. (NASDAQ:CDW) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 693,175 shares of the information technology services provider’s stock after buying an additional 126,106 shares during the period. CDW comprises 2.1% of Mondrian Investment Partners LTD’s holdings, making the stock its 23rd largest position. Mondrian Investment Partners LTD owned approximately 0.52% of CDW worth $120,640,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its stake in shares of CDW by 1.1% during the 3rd quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider’s stock worth $1,294,288,000 after buying an additional 64,702 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CDW by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider’s stock worth $785,635,000 after buying an additional 31,858 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of CDW during the 3rd quarter worth about $416,111,000. Janus Henderson Group PLC boosted its stake in shares of CDW by 7,029.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock worth $331,891,000 after buying an additional 1,446,025 shares during the last quarter. Finally, Barclays PLC lifted its stake in CDW by 0.3% in the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider’s stock valued at $261,779,000 after purchasing an additional 3,424 shares during the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CDW shares. Morgan Stanley raised their target price on shares of CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 target price on the stock. UBS Group cut their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lifted their price target 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, CDW presently has an average rating of “Moderate Buy” and an average price target of $242.67.

CDW Trading Down 1.9 %

CDW opened at $163.50 on Friday. CDW Co. has a 1-year low of $162.84 and a 1-year high of $263.37. 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 company has a market cap of $21.66 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The company has a fifty day moving average price of $185.84 and a two-hundred day moving average price of $195.95.

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

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

CDW Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, February 25th. CDW’s dividend payout ratio (DPR) is presently 31.37%.

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.