CDW Corporation (NASDAQ:CDW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CDW Corporation (NASDAQ:CDW) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $160.4286.

A number of equities analysts have commented on CDW shares. Barclays decreased their price objective on shares of CDW from $148.00 to $144.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a research report on Tuesday, January 27th. Raymond James Financial raised shares of CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a report on Tuesday, November 25th. Evercore reiterated an “outperform” rating and set a $180.00 price objective on shares of CDW in a research note on Tuesday, January 20th. Finally, UBS Group cut their target price on shares of CDW from $190.00 to $162.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Insiders Place Their Bets

In other CDW news, insider Sona Chawla sold 7,400 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $146.17, for a total value of $1,081,658.00. Following the sale, the insider directly owned 28,110 shares in the company, valued at approximately $4,108,838.70. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by corporate insiders.

Institutional Trading of CDW

Hedge funds have recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd acquired a new position in shares of CDW in the 3rd quarter worth $29,649,000. Marshall Wace LLP boosted its position in shares of CDW by 245.7% in the 2nd quarter. Marshall Wace LLP now owns 168,452 shares of the information technology services provider’s stock valued at $30,084,000 after purchasing an additional 119,719 shares during the period. SG Americas Securities LLC increased its stake in CDW by 1,622.9% in the 2nd quarter. SG Americas Securities LLC now owns 202,238 shares of the information technology services provider’s stock worth $36,118,000 after purchasing an additional 190,500 shares in the last quarter. DNB Asset Management AS increased its stake in CDW by 733.9% in the 2nd quarter. DNB Asset Management AS now owns 25,641 shares of the information technology services provider’s stock worth $4,579,000 after purchasing an additional 22,566 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in CDW by 48.8% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 6,433 shares of the information technology services provider’s stock worth $1,149,000 after buying an additional 2,111 shares during the period. 93.15% of the stock is currently owned by institutional investors.

CDW Stock Performance

Shares of CDW stock opened at $126.86 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.18. CDW has a 1 year low of $120.52 and a 1 year high of $194.99. The firm’s 50-day simple moving average is $135.56 and its 200-day simple moving average is $149.52. The firm has a market cap of $16.52 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.13. CDW had a return on equity of 50.66% and a net margin of 4.76%.The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the business posted $2.48 EPS. CDW’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that CDW will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, February 25th. CDW’s dividend payout ratio is presently 31.15%.

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.