Jones Financial Companies Lllp Sells 216 Shares of CDW Co. (NASDAQ:CDW)

Jones Financial Companies Lllp decreased its position in CDW Co. (NASDAQ:CDW) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,177 shares of the information technology services provider’s stock after selling 216 shares during the quarter. Jones Financial Companies Lllp’s holdings in CDW were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CDW. Assetmark Inc. increased its stake in CDW by 37.3% in the 3rd quarter. Assetmark Inc. now owns 975 shares of the information technology services provider’s stock worth $221,000 after acquiring an additional 265 shares during the last quarter. Covestor Ltd increased its stake in CDW by 80.1% in the 3rd quarter. Covestor Ltd now owns 245 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 109 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of CDW during the 3rd quarter valued at approximately $43,000. Apollon Wealth Management LLC raised its holdings in CDW by 36.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,938 shares of the information technology services provider’s stock valued at $665,000 after buying an additional 779 shares during the period. Finally, Entropy Technologies LP raised its holdings in CDW by 42.0% during the 3rd quarter. Entropy Technologies LP now owns 3,786 shares of the information technology services provider’s stock valued at $857,000 after buying an additional 1,120 shares during the period. Institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

Shares of CDW stock opened at $163.50 on Friday. The stock’s fifty day moving average is $185.84 and its two-hundred day moving average is $195.95. The company has a market capitalization of $21.66 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. CDW Co. has a 52 week low of $162.84 and a 52 week high of $263.37.

CDW (NASDAQ:CDW) last announced 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 return on equity of 55.42% and a net margin of 5.13%. As a group, analysts expect that CDW Co. will post 9.41 earnings per share for the current year.

CDW declared that its board has initiated a share 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 reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

CDW Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CDW shares. Redburn Atlantic started coverage on CDW in a report on Friday, November 15th. They set a “buy” rating and a $230.00 price target on the stock. Morgan Stanley increased their price target on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. UBS Group decreased their price target on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays increased their price target on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $242.67.

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.