Life Cycle Investment Partners Ltd Takes Position in CDW Corporation $CDW

Life Cycle Investment Partners Ltd acquired a new stake in shares of CDW Corporation (NASDAQ:CDW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 139,121 shares of the information technology services provider’s stock, valued at approximately $18,948,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of CDW during the 3rd quarter valued at $29,649,000. Local Pensions Partnership Investment Ltd grew its holdings in shares of CDW by 7.8% during the 4th quarter. Local Pensions Partnership Investment Ltd now owns 249,176 shares of the information technology services provider’s stock valued at $33,940,000 after purchasing an additional 18,000 shares during the last quarter. Foyston Gordon & Payne Inc grew its holdings in shares of CDW by 30.9% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 52,732 shares of the information technology services provider’s stock valued at $8,399,000 after purchasing an additional 12,456 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of CDW during the 3rd quarter valued at $4,110,000. Finally, Fenimore Asset Management Inc grew its holdings in shares of CDW by 0.8% during the 4th quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider’s stock valued at $156,707,000 after purchasing an additional 9,485 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

CDW has been the topic of several recent research reports. Raymond James Financial set a $150.00 target price on shares of CDW in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of CDW from $160.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a report on Friday, April 24th. Barclays cut their price target on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, Citigroup cut their price target on shares of CDW from $150.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, CDW presently has an average rating of “Moderate Buy” and a consensus target price of $142.14.

CDW Price Performance

Shares of CDW stock opened at $110.82 on Friday. The firm has a market cap of $14.16 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. CDW Corporation has a 12-month low of $97.12 and a 12-month high of $186.70. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $120.92 and its two-hundred day simple moving average is $130.31.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.28. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.48 billion. CDW had a net margin of 4.70% and a return on equity of 49.67%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. As a group, equities analysts expect that CDW Corporation will post 10 EPS for the current year.

CDW Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.3%. CDW’s payout ratio is presently 30.66%.

CDW Profile

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.