CDW Corporation (NASDAQ:CDW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of CDW Corporation (NASDAQ:CDW) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $171.00.

Several analysts have commented on CDW shares. Citigroup decreased their price target on shares of CDW from $160.00 to $148.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group reduced their target price on CDW from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Evercore ISI reissued an “outperform” rating and set a $180.00 price target on shares of CDW in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a report on Thursday, October 30th. Finally, Morgan Stanley cut CDW from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $177.00 to $141.00 in a report on Tuesday.

CDW Trading Down 5.3%

Shares of CDW opened at $124.76 on Wednesday. The firm has a market cap of $16.24 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.39 and a quick ratio of 1.30. CDW has a 1 year low of $124.08 and a 1 year high of $222.92. The company has a 50 day simple moving average of $139.84 and a two-hundred day simple moving average of $155.41.

CDW (NASDAQ:CDW) last released its earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 EPS for the quarter, topping the consensus estimate of $2.62 by $0.09. CDW had a net margin of 4.76% and a return on equity of 51.89%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.75 billion. On average, equities analysts expect that CDW will post 9.41 earnings per share for the current fiscal year.

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This is a positive change from CDW’s previous quarterly dividend of $0.63. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. CDW’s payout ratio is currently 31.82%.

Insider Buying and Selling

In other CDW news, insider Sona Chawla sold 7,400 shares of CDW stock in a transaction on Monday, December 8th. The shares were sold at an average price of $146.17, for a total value of $1,081,658.00. Following the completion of the transaction, the insider directly owned 28,110 shares of the company’s stock, valued at $4,108,838.70. This trade represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

Institutional Trading of CDW

Several hedge funds have recently made changes to their positions in CDW. eCIO Inc. purchased a new position in CDW in the fourth quarter worth about $61,000. American National Bank & Trust purchased a new position in shares of CDW in the 4th quarter worth approximately $110,000. Pensionfund Sabic purchased a new position in shares of CDW in the 4th quarter worth approximately $916,000. SG Americas Securities LLC increased its position in shares of CDW by 531.9% during the 4th quarter. SG Americas Securities LLC now owns 189,285 shares of the information technology services provider’s stock valued at $25,781,000 after purchasing an additional 159,332 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in CDW during the 3rd quarter valued at $13,347,000. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

CDW Company 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.