Brokerages Set CDW (CDW) PT at $91.40

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CDW (NASDAQ:CDW) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $91.40.

Several brokerages have issued reports on CDW. BidaskClub cut shares of CDW from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine lowered shares of CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research lowered shares of CDW from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st.

Shares of CDW stock traded up $2.23 during trading on Friday, reaching $92.74. The company’s stock had a trading volume of 36,003 shares, compared to its average volume of 987,171. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 18.14 and a beta of 1.05. CDW has a fifty-two week low of $67.44 and a fifty-two week high of $96.75. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.41 and a quick ratio of 1.24.

CDW (NASDAQ:CDW) last announced its earnings results on Thursday, February 7th. The information technology services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 72.89%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. Analysts anticipate that CDW will post 5.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Monday, February 25th will be given a $0.295 dividend. The ex-dividend date is Friday, February 22nd. This represents a $1.18 annualized dividend and a dividend yield of 1.27%. CDW’s dividend payout ratio is presently 23.14%.

In other CDW news, insider Thomas E. Richards sold 16,667 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $88.87, for a total value of $1,481,196.29. Following the transaction, the insider now directly owns 616,742 shares in the company, valued at approximately $54,809,861.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas E. Richards sold 18,750 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $79.95, for a total transaction of $1,499,062.50. Following the transaction, the insider now directly owns 596,525 shares of the company’s stock, valued at approximately $47,692,173.75. The disclosure for this sale can be found here. Insiders sold a total of 64,456 shares of company stock worth $5,602,875 over the last quarter. Insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CDW. Select Equity Group L.P. increased its stake in shares of 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 valued at $150,069,000 after acquiring an additional 918,485 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of CDW by 19,305.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 536,369 shares of the information technology services provider’s stock valued at $47,694,000 after acquiring an additional 533,605 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of CDW by 82.3% during the 4th quarter. Prudential Financial Inc. now owns 768,612 shares of the information technology services provider’s stock valued at $62,296,000 after acquiring an additional 346,983 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of 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 valued at $190,643,000 after acquiring an additional 310,352 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in shares of CDW by 81.2% during the 4th quarter. Standard Life Aberdeen plc now owns 421,825 shares of the information technology services provider’s stock valued at $33,528,000 after acquiring an additional 188,986 shares during the last quarter. 90.04% of the stock is owned by institutional investors.

CDW Company Profile

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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