Mawer Investment Management Ltd. Has $375.33 Million Stake in CDW Co. (NASDAQ:CDW)

Mawer Investment Management Ltd. boosted its stake in CDW Co. (NASDAQ:CDW) by 45.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,847,959 shares of the information technology services provider’s stock after buying an additional 895,959 shares during the quarter. CDW makes up about 2.2% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 16th largest position. Mawer Investment Management Ltd.’s holdings in CDW were worth $375,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of CDW by 561.4% during the third quarter. Great West Life Assurance Co. Can now owns 922,690 shares of the information technology services provider’s stock worth $26,723,000 after acquiring an additional 783,189 shares during the last quarter. Teacher Retirement System of Texas grew its stake in CDW by 2,456.8% in the third quarter. Teacher Retirement System of Texas now owns 761,387 shares of the information technology services provider’s stock valued at $91,009,000 after acquiring an additional 731,608 shares during the period. Manning & Napier Group LLC grew its stake in CDW by 3,644.8% in the third quarter. Manning & Napier Group LLC now owns 703,681 shares of the information technology services provider’s stock valued at $84,110,000 after acquiring an additional 684,890 shares during the period. Alliancebernstein L.P. boosted its position in shares of CDW by 14.8% during the fourth quarter. Alliancebernstein L.P. now owns 5,159,012 shares of the information technology services provider’s stock worth $679,906,000 after buying an additional 665,708 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of CDW by 10,701.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 541,887 shares of the information technology services provider’s stock worth $71,415,000 after buying an additional 536,870 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Christina M. Corley sold 3,500 shares of the stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $133.45, for a total value of $467,075.00. Following the completion of the transaction, the insider now directly owns 44,471 shares in the company, valued at approximately $5,934,654.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Collin B. Kebo sold 6,000 shares of the stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $132.27, for a total value of $793,620.00. Following the completion of the transaction, the insider now owns 47,971 shares of the company’s stock, valued at $6,345,124.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,000 shares of company stock worth $1,647,645. Company insiders own 1.33% of the company’s stock.

Several analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of CDW in a research note on Wednesday, February 10th. Smith Barney Citigroup upped their price objective on CDW from $140.00 to $145.00 in a research note on Tuesday, November 3rd. Credit Suisse Group increased their target price on CDW from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Citigroup increased their target price on CDW from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Finally, Morgan Stanley upgraded CDW from an “equal weight” rating to an “overweight” rating and set a $164.00 target price on the stock in a research note on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $143.44.

NASDAQ:CDW traded down $2.81 during trading hours on Tuesday, reaching $156.51. 4,890 shares of the company were exchanged, compared to its average volume of 871,445. The company has a market capitalization of $22.38 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.60 and a beta of 1.10. CDW Co. has a 1-year low of $73.39 and a 1-year high of $162.42. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.50 and a quick ratio of 1.33. The business has a 50 day moving average of $141.22 and a 200 day moving average of $128.55.

CDW (NASDAQ:CDW) last issued its earnings results on Tuesday, February 9th. The information technology services provider reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.31. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.38 billion. CDW had a return on equity of 88.43% and a net margin of 4.08%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 EPS. As a group, equities research analysts anticipate that CDW Co. will post 6.08 earnings per share for the current fiscal year.

CDW declared that its Board of Directors has approved a share buyback plan on Wednesday, February 10th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the information technology services provider to purchase up to 5.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Thursday, February 25th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, February 24th. CDW’s dividend payout ratio is presently 26.58%.

CDW Company Profile

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers 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, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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