Jackson Creek Investment Advisors LLC Purchases 1,415 Shares of CDW Co. (NASDAQ:CDW)

Jackson Creek Investment Advisors LLC lifted its position in CDW Co. (NASDAQ:CDW) by 135.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,463 shares of the information technology services provider’s stock after acquiring an additional 1,415 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in CDW were worth $560,000 as of its most recent SEC filing.

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

CDW Trading Down 1.7 %

Shares of NASDAQ:CDW opened at $241.86 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $32.50 billion, a PE ratio of 29.86, a PEG ratio of 2.78 and a beta of 1.09. The business has a 50 day moving average of $247.34 and a two-hundred day moving average of $229.26. CDW Co. has a 12-month low of $162.59 and a 12-month high of $263.37.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company earned $2.40 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts forecast that CDW Co. will post 9.89 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.03%. CDW’s dividend payout ratio is presently 30.62%.

CDW announced that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of CDW from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Barclays increased their price objective on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Citigroup lifted their target price on CDW from $255.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of CDW from $267.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CDW currently has an average rating of “Moderate Buy” and an average price target of $242.67.

About CDW

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.