Romano Brothers AND Company Has $1.13 Million Stock Position in CDW Co. (NASDAQ:CDW)

Romano Brothers AND Company boosted its holdings in shares of CDW Co. (NASDAQ:CDW) by 192.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,502 shares of the information technology services provider’s stock after buying an additional 4,280 shares during the quarter. Romano Brothers AND Company’s holdings in CDW were worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in CDW during the third quarter worth $416,111,000. Janus Henderson Group PLC boosted its holdings 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 period. Holocene Advisors LP acquired a new position in CDW in the 3rd quarter valued at about $172,217,000. Perpetual Ltd bought a new position in CDW in the 3rd quarter valued at about $158,300,000. Finally, Canada Pension Plan Investment Board lifted its position in CDW by 2,045.4% during the second quarter. Canada Pension Plan Investment Board now owns 294,302 shares of the information technology services provider’s stock worth $65,877,000 after acquiring an additional 280,584 shares during the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Redburn Atlantic assumed coverage on CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 target price on the stock. Morgan Stanley lifted their target price on CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. UBS Group decreased their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Citigroup cut shares of CDW from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $250.00 to $245.00 in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.33.

CDW Stock Performance

NASDAQ CDW opened at $188.70 on Friday. CDW Co. has a 1 year low of $168.43 and a 1 year high of $263.37. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 4.91 and a beta of 1.01. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The firm’s 50 day simple moving average is $179.13 and its 200 day simple moving average is $205.27.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.05). The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 EPS. As a group, research analysts expect that CDW Co. will post 8.99 earnings per share for the current fiscal year.

CDW Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th were paid a $0.625 dividend. This is an increase from CDW’s previous quarterly dividend of $0.62. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Monday, November 25th. CDW’s dividend payout ratio (DPR) is presently 30.56%.

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.