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

Shares of CDW Corporation (NASDAQ:CDW) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $171.00.

A number of equities research analysts recently weighed in on CDW shares. UBS Group decreased their price objective on CDW from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Citigroup reduced their target price on shares of CDW from $160.00 to $148.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Evercore ISI restated an “outperform” rating and issued a $180.00 price target on shares of CDW in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CDW in a research report on Thursday, October 30th. Finally, Raymond James Financial raised shares of CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research report on Tuesday, November 25th.

CDW Price Performance

Shares of CDW opened at $126.00 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.30 and a current ratio of 1.39. The company has a 50 day moving average price of $138.71 and a 200-day moving average price of $154.31. CDW has a fifty-two week low of $124.00 and a fifty-two week high of $222.92. The stock has a market capitalization of $16.40 billion, a PE ratio of 15.91, a PEG ratio of 1.65 and a beta of 1.08.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.75 billion. CDW had a net margin of 4.76% and a return on equity of 51.89%. Equities analysts predict 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. Shareholders of record on Tuesday, November 25th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. This is a boost from CDW’s previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, November 25th. CDW’s dividend payout ratio (DPR) is 31.82%.

Insiders Place Their Bets

In other news, insider Sona Chawla sold 7,400 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $146.17, for a total transaction of $1,081,658.00. Following the sale, the insider owned 28,110 shares in the company, valued at approximately $4,108,838.70. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CDW

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in CDW by 30.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,188 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 277 shares during the last quarter. Steph & Co. lifted its stake in shares of CDW by 53.3% during the fourth quarter. Steph & Co. now owns 1,150 shares of the information technology services provider’s stock worth $157,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of CDW during the fourth quarter valued at $307,000. eCIO Inc. acquired a new position in shares of CDW in the 4th quarter valued at $61,000. Finally, American National Bank & Trust purchased a new position in CDW in the 4th quarter worth $110,000. 93.15% of the stock is 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.