Brokerages Set CDW (CDW) PT at $91.40

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CDW (NASDAQ:CDW) has been given an average rating of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $93.50.

A number of equities analysts have weighed in on CDW shares. BidaskClub lowered CDW from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. Finally, ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th.

In other news, insider Christina V. Rother sold 4,000 shares of the company’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $90.75, for a total value of $363,000.00. Following the transaction, the insider now owns 98,231 shares of the company’s stock, valued at approximately $8,914,463.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christina M. Corley sold 14,900 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $92.10, for a total value of $1,372,290.00. Following the completion of the transaction, the insider now directly owns 51,077 shares in the company, valued at approximately $4,704,191.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,910 shares of company stock worth $10,775,060. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. raised its holdings in shares of CDW by 1.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,658,385 shares of the information technology services provider’s stock valued at $377,563,000 after buying an additional 70,058 shares during the period. American Century Companies Inc. increased its holdings in CDW by 8.5% during the 3rd quarter. American Century Companies Inc. now owns 2,401,828 shares of the information technology services provider’s stock worth $213,571,000 after purchasing an additional 187,467 shares during the period. AQR Capital Management LLC increased its holdings in CDW by 16.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,143,983 shares of the information technology services provider’s stock worth $190,643,000 after purchasing an additional 310,352 shares during the period. TIAA CREF Investment Management LLC increased its holdings in CDW by 9.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,789,055 shares of the information technology services provider’s stock worth $159,083,000 after purchasing an additional 154,146 shares during the period. Finally, Select Equity Group L.P. increased its holdings in CDW by 119.4% during the 3rd quarter. Select Equity Group L.P. now owns 1,687,683 shares of the information technology services provider’s stock worth $150,069,000 after purchasing an additional 918,485 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.

NASDAQ CDW traded up $0.57 on Wednesday, reaching $92.30. 478,612 shares of the company were exchanged, compared to its average volume of 882,889. The firm has a market capitalization of $13.84 billion, a P/E ratio of 18.10 and a beta of 1.05. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.24 and a current ratio of 1.41. CDW has a fifty-two week low of $67.44 and a fifty-two week high of $97.06.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.11. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.04 billion. CDW had a return on equity of 72.89% and a net margin of 3.96%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, sell-side analysts forecast that CDW will post 5.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, February 22nd. CDW’s dividend payout ratio (DPR) is presently 23.14%.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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Analyst Recommendations for CDW (NASDAQ:CDW)

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