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

CDW Corporation (NASDAQ:CDW) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $160.4286.

CDW has been the subject of a number of research analyst reports. UBS Group dropped their target price on shares of CDW from $190.00 to $162.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Morgan Stanley upped their price target on CDW from $141.00 to $142.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CDW in a research note on Tuesday, January 27th. Citigroup lifted their price objective on CDW from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Barclays decreased their target price on CDW from $148.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th.

Institutional Trading of CDW

Institutional investors and hedge funds have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of CDW in the third quarter valued at approximately $26,000. Quent Capital LLC acquired a new position in shares of CDW during the 3rd quarter worth approximately $57,000. eCIO Inc. acquired a new position in shares of CDW during the 4th quarter worth approximately $61,000. Covestor Ltd lifted its stake in CDW by 87.9% in the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock valued at $77,000 after buying an additional 226 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in CDW during the 4th quarter valued at $110,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Price Performance

CDW stock opened at $122.01 on Monday. The company has a market cap of $15.61 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. CDW has a one year low of $112.98 and a one year high of $192.30. The business has a fifty day moving average of $124.63 and a two-hundred day moving average of $138.33. 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 (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.13. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. As a group, analysts predict that CDW will post 9.41 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, February 25th. CDW’s dividend payout ratio (DPR) is 31.15%.

About CDW

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.