Values First Advisors Inc. Sells 1,337 Shares of CDW Co. (NASDAQ:CDW)

Values First Advisors Inc. trimmed its position in shares of CDW Co. (NASDAQ:CDW) by 51.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,259 shares of the information technology services provider’s stock after selling 1,337 shares during the period. Values First Advisors Inc.’s holdings in CDW were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDW. JGP Wealth Management LLC acquired a new stake in CDW during the 4th quarter valued at $1,559,000. California Public Employees Retirement System lifted its position in CDW by 1.0% during the third quarter. California Public Employees Retirement System now owns 819,011 shares of the information technology services provider’s stock worth $165,244,000 after acquiring an additional 7,854 shares during the last quarter. Comerica Bank acquired a new position in shares of CDW in the second quarter valued at approximately $532,100,000. Amalgamated Bank grew its position in shares of CDW by 22.0% in the third quarter. Amalgamated Bank now owns 44,774 shares of the information technology services provider’s stock valued at $9,034,000 after purchasing an additional 8,063 shares during the last quarter. Finally, State Street Corp grew its position in shares of CDW by 2.1% in the second quarter. State Street Corp now owns 5,391,296 shares of the information technology services provider’s stock valued at $989,303,000 after purchasing an additional 110,044 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Trading Down 0.8 %

NASDAQ CDW traded down $2.09 on Thursday, reaching $255.78. The company had a trading volume of 772,263 shares, compared to its average volume of 719,296. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 2.88 and a beta of 1.09. CDW Co. has a fifty-two week low of $160.66 and a fifty-two week high of $259.38. The business has a 50 day moving average of $242.01 and a two-hundred day moving average of $222.65. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.23 and a quick ratio of 1.11.

CDW (NASDAQ:CDW) last posted 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. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.32 billion. CDW had a return on equity of 73.93% and a net margin of 5.17%. CDW’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.40 earnings per share. Analysts forecast that CDW Co. will post 9.88 EPS for the current year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.62 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.48 dividend on an annualized basis and a yield of 0.97%. CDW’s payout ratio is currently 30.62%.

CDW announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays upped their target price on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Evercore ISI boosted their price target on CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. boosted their price target on CDW from $253.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley cut CDW from an “overweight” rating to an “equal weight” rating and set a $216.00 price target for the company. in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.60.

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.