Monte Financial Group LLC Sells 7,850 Shares of CDW Corporation $CDW

Monte Financial Group LLC lowered its position in CDW Corporation (NASDAQ:CDW) by 15.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,651 shares of the information technology services provider’s stock after selling 7,850 shares during the period. CDW comprises about 1.9% of Monte Financial Group LLC’s portfolio, making the stock its 23rd largest position. Monte Financial Group LLC’s holdings in CDW were worth $5,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Union Savings Bank boosted its holdings in CDW by 500.0% during the third quarter. Union Savings Bank now owns 192 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Allied Private Wealth LLC bought a new stake in CDW in the 2nd quarter worth about $28,000. Keating Financial Advisory Services Inc. bought a new stake in CDW in the 2nd quarter worth about $28,000. Manchester Capital Management LLC increased its stake in CDW by 10,200.0% in the 3rd quarter. Manchester Capital Management LLC now owns 206 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Finally, Community Bank N.A. purchased a new stake in CDW in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CDW. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Morgan Stanley upped their target price on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. UBS Group increased their price target on CDW from $159.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on CDW from $170.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays dropped their price target on CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.38.

CDW Stock Performance

NASDAQ:CDW opened at $158.39 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.26 and a quick ratio of 1.05. The business has a fifty day simple moving average of $148.57 and a two-hundred day simple moving average of $133.60. CDW Corporation has a 1 year low of $97.12 and a 1 year high of $172.47. The company has a market capitalization of $19.80 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.21 and a beta of 0.92.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.28. CDW had a return on equity of 52.23% and a net margin of 4.48%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the company posted $2.71 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. On average, analysts expect that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.68 dividend. This is an increase from CDW’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.72 annualized dividend and a yield of 1.7%. CDW’s payout ratio is 30.29%.

Key Stories Impacting CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: CDW reported third-quarter adjusted earnings of $3.26 per share and revenue of $6.75 billion, topping analyst estimates; revenue grew 17.7% year over year. Reports attributed strength to AI infrastructure demand and broader customer demand. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
• Positive Sentiment: Management’s outlook pointed to low-double-digit 2026 non-GAAP EPS growth and mid- to high-single-digit gross-profit growth, supporting expectations for continued earnings momentum. Article: CDW Signals 2026 EPS Growth and Raises Gross Profit Outlook
• Positive Sentiment: UBS and JPMorgan raised their price targets to $195, with buy and overweight ratings, respectively. Northcoast lifted its target to $204, adding to the favorable analyst sentiment. Article: Northcoast Raises CDW Price Target
• Positive Sentiment: CDW increased its quarterly dividend 7.9% to $0.68 per share, signaling a higher cash return to shareholders. Article: CDW Raises Quarterly Dividend
• Neutral Sentiment: Citigroup raised its target to $170 but maintained a neutral rating, suggesting more measured expectations than the bullish analyst calls. Article: Citi Raises CDW Price Target
• Negative Sentiment: Coverage flagged margin compression and rising expenses despite the sales growth; another report also cautioned that rising debt and shrinking margins complicate the dividend-growth story. These concerns may have weighed on shares after the post-earnings surge. Article: CDW Q3 Earnings Beat Despite Margin Compression

About CDW

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.