Hsbc Holdings PLC Increases Stock Position in CDW Corporation $CDW

Hsbc Holdings PLC increased its holdings in shares of CDW Corporation (NASDAQ:CDW) by 0.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 782,147 shares of the information technology services provider’s stock after acquiring an additional 3,517 shares during the period. Hsbc Holdings PLC owned approximately 0.63% of CDW worth $110,406,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its position in shares of CDW by 909.1% in the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 200 shares during the period. Allied Private Wealth LLC purchased a new stake in shares of CDW in the second quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. purchased a new stake in CDW in the 2nd quarter valued at $28,000. Root Financial Partners LLC grew its holdings in shares of CDW by 54.7% in the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 93 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of CDW in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CDW. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. JPMorgan Chase & Co. upgraded shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 target price on the stock in a research note on Wednesday, May 27th. Morgan Stanley increased 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. Finally, Citigroup increased their price target on shares of CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and an average price target of $147.00.

CDW Stock Performance

NASDAQ:CDW opened at $152.38 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. The firm has a market cap of $19.05 billion, a P/E ratio of 18.31, a PEG ratio of 2.00 and a beta of 0.95. The stock’s 50 day simple moving average is $139.96 and its 200-day simple moving average is $129.25. CDW Corporation has a 12-month low of $97.12 and a 12-month high of $171.55.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.80 by $0.11. The company had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $2.60 EPS. Equities analysts anticipate that CDW Corporation will post 10.33 EPS for the current year.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be given a $0.63 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 annualized dividend and a yield of 1.7%. CDW’s dividend payout ratio is presently 30.29%.

Insider Activity

In other news, insider Elizabeth Connelly sold 26,695 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the transaction, the insider owned 34,215 shares in the company, valued at $4,708,668.30. This trade represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by corporate insiders.

More CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

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.