Copeland Capital Management LLC Lowers Stock Holdings in CDW Co. (NASDAQ:CDW)

Copeland Capital Management LLC lowered its stake in CDW Co. (NASDAQ:CDW) by 98.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 941 shares of the information technology services provider’s stock after selling 65,251 shares during the period. Copeland Capital Management LLC’s holdings in CDW were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDW. State Street Corp grew its holdings in shares of CDW by 1.1% during the third quarter. State Street Corp now owns 5,719,348 shares of the information technology services provider’s stock valued at $1,294,288,000 after buying an additional 64,702 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CDW by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,481,064 shares of the information technology services provider’s stock worth $785,635,000 after acquiring an additional 31,858 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in CDW during the third quarter valued at $416,111,000. Janus Henderson Group PLC increased its holdings in CDW by 7,029.1% during the third quarter. Janus Henderson Group PLC now owns 1,466,597 shares of the information technology services provider’s stock valued at $331,891,000 after buying an additional 1,446,025 shares during the last quarter. Finally, Barclays PLC raised its holdings in CDW by 0.3% in the 3rd quarter. Barclays PLC now owns 1,156,789 shares of the information technology services provider’s stock worth $261,779,000 after purchasing an additional 3,424 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CDW shares. Barclays lowered their price target on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Redburn Atlantic assumed coverage on shares of CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of CDW from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $260.00 to $235.00 in a research report on Monday, October 28th. UBS Group reduced their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Four investment 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 stock has an average rating of “Moderate Buy” and an average price target of $239.33.

CDW Trading Up 0.7 %

Shares of NASDAQ CDW opened at $199.14 on Monday. The stock has a market capitalization of $26.54 billion, a P/E ratio of 24.34, a PEG ratio of 5.29 and a beta of 1.01. CDW Co. has a 1-year low of $168.43 and a 1-year high of $263.37. The business’s 50 day moving average is $181.72 and its two-hundred day moving average is $203.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.26%. This is a positive change from CDW’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 25th. CDW’s payout ratio is presently 30.56%.

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.