CDW Corporation (NASDAQ:CDW) Receives Average Rating of “Moderate Buy” from Analysts

CDW Corporation (NASDAQ:CDW) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $140.6250.

Several equities analysts have weighed in on the company. Raymond James Financial set a $150.00 target price on CDW in a research note on Wednesday, May 6th. Barclays lowered their target price on CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. UBS Group lowered their target price on CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised CDW from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th.

CDW Stock Performance

NASDAQ:CDW opened at $128.37 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.16 and a quick ratio of 1.06. CDW has a fifty-two week low of $97.12 and a fifty-two week high of $183.91. The stock’s 50-day moving average is $124.22 and its two-hundred day moving average is $128.23. The stock has a market cap of $16.40 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 earnings per share for the quarter, meeting the consensus estimate of $2.28. CDW had a return on equity of 49.67% and a net margin of 4.70%.The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts forecast that CDW will post 10.09 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 25th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 22nd. CDW’s payout ratio is 30.66%.

Insider Activity at CDW

In other news, Director David W. Nelms purchased 18,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average price of $111.43 per share, with a total value of $2,005,740.00. Following the purchase, the director owned 51,025 shares in the company, valued at $5,685,715.75. This represents a 54.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On CDW

Several large investors have recently made changes to their positions in CDW. Pacer Advisors Inc. grew its stake in shares of CDW by 5,081.1% in the 1st quarter. Pacer Advisors Inc. now owns 549,247 shares of the information technology services provider’s stock valued at $66,470,000 after buying an additional 538,646 shares in the last quarter. Marshall Wace LLP grew its stake in shares of CDW by 255.7% in the 3rd quarter. Marshall Wace LLP now owns 599,248 shares of the information technology services provider’s stock valued at $95,448,000 after buying an additional 430,796 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of CDW by 531.9% in 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 buying an additional 159,332 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of CDW in the 4th quarter valued at approximately $18,948,000. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of CDW in the 4th quarter valued at approximately $16,274,000. Institutional investors own 93.15% of the company’s stock.

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.