AGF Management Ltd. Sells 1,781 Shares of CDW Co. (NASDAQ:CDW)

AGF Management Ltd. decreased its position in shares of CDW Co. (NASDAQ:CDWFree Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,040 shares of the information technology services provider’s stock after selling 1,781 shares during the quarter. AGF Management Ltd.’s holdings in CDW were worth $2,964,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in shares of CDW during the 3rd quarter worth approximately $25,000. VisionPoint Advisory Group LLC acquired a new position in CDW during the third quarter valued at approximately $28,000. Larson Financial Group LLC bought a new stake in CDW during the fourth quarter worth $30,000. Orion Capital Management LLC acquired a new stake in shares of CDW in the 3rd quarter valued at $35,000. Finally, ORG Partners LLC bought a new position in shares of CDW in the 4th quarter valued at $36,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Down 0.2 %

NASDAQ:CDW opened at $222.05 on Tuesday. The firm’s 50 day simple moving average is $242.77 and its 200 day simple moving average is $230.39. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13. CDW Co. has a one year low of $167.57 and a one year high of $263.37. The company has a market cap of $29.84 billion, a PE ratio of 27.72, a P/E/G ratio of 3.27 and a beta of 1.09.

CDW announced that its board has approved a stock repurchase program on Wednesday, February 7th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.48 annualized dividend and a yield of 1.12%. CDW’s dividend payout ratio is presently 30.96%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CDW. Stifel Nicolaus dropped their price objective on CDW from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of CDW from $280.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Evercore ISI lifted their price target on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Citigroup dropped their price objective on shares of CDW from $295.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Barclays decreased their target price on shares of CDW from $261.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.50.

View Our Latest Stock Analysis on CDW

CDW Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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