FineMark National Bank & Trust Has $14.46 Million Holdings in CDW Co. (NASDAQ:CDW)

FineMark National Bank & Trust lifted its stake in shares of CDW Co. (NASDAQ:CDW) by 46.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,078 shares of the information technology services provider’s stock after purchasing an additional 26,161 shares during the period. FineMark National Bank & Trust owned approximately 0.06% of CDW worth $14,459,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new stake in shares of CDW during the 3rd quarter worth approximately $1,629,000. Assenagon Asset Management S.A. boosted its stake in CDW by 7,549.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider’s stock valued at $44,601,000 after acquiring an additional 252,921 shares during the last quarter. Franklin Resources Inc. raised its position in shares of CDW by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 108,009 shares of the information technology services provider’s stock valued at $24,138,000 after acquiring an additional 3,567 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of CDW during the 4th quarter valued at $130,996,000. Finally, Graphene Investments SAS lifted its stake in shares of CDW by 17.6% in the 4th quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider’s stock valued at $3,028,000 after purchasing an additional 2,600 shares during the period. 93.15% of the stock is owned by institutional investors.

CDW Stock Performance

Shares of CDW opened at $170.31 on Tuesday. The firm has a market cap of $22.56 billion, a P/E ratio of 21.37, a PEG ratio of 3.21 and a beta of 1.01. CDW Co. has a twelve month low of $162.84 and a twelve month high of $263.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The firm’s 50 day moving average price is $184.19 and its two-hundred day moving average price is $192.73.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating 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%. On average, analysts forecast that CDW Co. will post 9.41 EPS for the current fiscal year.

CDW announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 5th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 25th. CDW’s dividend payout ratio is presently 31.37%.

Analyst Ratings Changes

CDW has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. UBS Group decreased 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. Finally, Barclays lifted their price objective on shares of CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Four analysts have rated the stock with a hold rating and four 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 target price of $235.50.

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.