Mascoma Wealth Management LLC Sells 233 Shares of CDW Co. (NASDAQ:CDW)

Mascoma Wealth Management LLC reduced its stake in CDW Co. (NASDAQ:CDW) by 42.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 319 shares of the information technology services provider’s stock after selling 233 shares during the period. Mascoma Wealth Management LLC’s holdings in CDW were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CDW. Oddo BHF Asset Management Sas bought a new stake in shares of CDW during the third quarter worth approximately $1,629,000. Assenagon Asset Management S.A. lifted its holdings in shares of CDW by 7,549.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,271 shares of the information technology services provider’s stock worth $44,601,000 after buying an additional 252,921 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of CDW by 3.4% in the third 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 period. Graphene Investments SAS grew its stake in shares of CDW by 17.6% in the fourth quarter. Graphene Investments SAS now owns 17,400 shares of the information technology services provider’s stock valued at $3,028,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Czech National Bank raised its stake in CDW by 6.2% in the 4th quarter. Czech National Bank now owns 28,895 shares of the information technology services provider’s stock worth $5,029,000 after purchasing an additional 1,685 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Stock Performance

CDW stock opened at $166.66 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 2.38. The firm has a market cap of $22.08 billion, a PE ratio of 20.91, a P/E/G ratio of 3.21 and a beta of 1.01. The business has a 50 day moving average of $185.98 and a 200-day moving average of $196.16. CDW Co. has a 12-month low of $164.70 and a 12-month 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that CDW Co. will post 9.41 earnings per share for the current year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 annualized dividend and a yield of 1.50%. CDW’s payout ratio is currently 31.37%.

CDW declared that its board has authorized a share buyback plan on Wednesday, February 5th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

CDW has been the topic of a number of analyst reports. UBS Group reduced their price target on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley raised their price target on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Barclays upped their price objective on shares of CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CDW 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.