CDW Co. (NASDAQ:CDW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CDW Co. (NASDAQ:CDW) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $239.33.

Several research analysts have weighed in on CDW shares. JPMorgan Chase & Co. lowered CDW from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $260.00 to $235.00 in a report on Monday, October 28th. UBS Group decreased their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays decreased their price objective on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Morgan Stanley boosted their price objective on CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Finally, Citigroup lowered CDW from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $250.00 to $245.00 in a research report on Tuesday, October 1st.

Hedge Funds Weigh In On CDW

A number of large investors have recently bought and sold shares of CDW. ORG Wealth Partners LLC bought a new stake in shares of CDW during the 4th quarter worth approximately $69,000. Ridgewood Investments LLC bought a new stake in CDW in the 4th quarter valued at $104,000. Diversified Trust Co bought a new stake in CDW in the 4th quarter valued at $1,529,000. Fortem Financial Group LLC raised its stake in CDW by 5.8% in the 4th quarter. Fortem Financial Group LLC now owns 4,960 shares of the information technology services provider’s stock valued at $863,000 after acquiring an additional 270 shares during the period. Finally, Insight Wealth Strategies LLC raised its stake in CDW by 13.0% in the 4th quarter. Insight Wealth Strategies LLC now owns 19,772 shares of the information technology services provider’s stock valued at $3,441,000 after acquiring an additional 2,275 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Trading Up 1.0 %

NASDAQ CDW opened at $183.14 on Friday. CDW has a 12 month low of $168.43 and a 12 month high of $263.37. The stock has a 50-day simple moving average of $180.40 and a 200 day simple moving average of $206.98. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $24.41 billion, a PE ratio of 22.39, a P/E/G ratio of 5.01 and a beta of 1.01.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, October 30th. The information technology services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.05). The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.72 billion. CDW had a net margin of 5.33% and a return on equity of 58.31%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.60 earnings per share. Research analysts forecast that CDW will post 8.99 EPS for the current year.

CDW Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.50 dividend on an annualized basis and a yield of 1.37%. This is an increase from CDW’s previous quarterly dividend of $0.62. CDW’s dividend payout ratio is 30.56%.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.