Brokerages Set CDW Corporation (NASDAQ:CDW) Target Price at $186.43

Shares of CDW Corporation (NASDAQ:CDW) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $186.4286.

CDW has been the topic of several research analyst reports. Evercore ISI lowered their price objective on shares of CDW from $215.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a research report on Thursday, October 30th. Morgan Stanley cut their price objective on shares of CDW from $191.00 to $177.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Barclays decreased their target price on CDW from $176.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, Raymond James Financial raised 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.

Insider Transactions at CDW

In other news, insider Sona Chawla sold 7,400 shares of the 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 owned 28,110 shares in the company, valued at approximately $4,108,838.70. This represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CDW by 29.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,116 shares of the information technology services provider’s stock worth $499,000 after buying an additional 716 shares in the last quarter. Comerica Bank grew its position in CDW by 10.2% in the first quarter. Comerica Bank now owns 26,878 shares of the information technology services provider’s stock valued at $4,307,000 after acquiring an additional 2,482 shares during the period. BNP Paribas Financial Markets raised its stake in CDW by 31.1% during the first quarter. BNP Paribas Financial Markets now owns 411,629 shares of the information technology services provider’s stock worth $65,968,000 after acquiring an additional 97,532 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its stake in CDW by 14.1% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 1,920 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 237 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of CDW by 176.0% during the first quarter. State of Wyoming now owns 2,106 shares of the information technology services provider’s stock valued at $338,000 after acquiring an additional 1,343 shares during the period. Institutional investors own 93.15% of the company’s stock.

CDW Stock Down 0.8%

CDW stock opened at $138.61 on Friday. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The company has a 50-day moving average of $145.90 and a two-hundred day moving average of $160.26. CDW has a 52-week low of $135.63 and a 52-week high of $222.92. 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 (NASDAQ:CDW) last posted its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.09. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.75 billion. CDW had a return on equity of 51.89% and a net margin of 4.76%. As a group, equities research analysts anticipate that CDW will post 9.41 EPS for the current year.

CDW Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.8%. This is an increase from CDW’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Tuesday, November 25th. CDW’s dividend payout ratio (DPR) is 31.82%.

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.