CDW (NASDAQ:CDW) Hits New 12-Month Low – Time to Sell?

CDW Corporation (NASDAQ:CDW)’s stock price reached a new 52-week low on Friday . The stock traded as low as $134.15 and last traded at $134.5880, with a volume of 162040 shares. The stock had previously closed at $136.20.

Analysts Set New Price Targets

Several research firms have weighed in on CDW. Evercore ISI lowered their price objective on CDW from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CDW in a research report on Thursday, October 30th. Raymond James Financial upgraded shares of CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research note on Tuesday, November 25th. Barclays decreased their target price on shares of CDW from $176.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Finally, UBS Group dropped their price target on shares of CDW from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $186.43.

CDW Price Performance

The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.73 and a beta of 1.08. The business’s 50 day simple moving average is $144.19 and its 200-day simple moving average is $159.35.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.75 billion. CDW had a net margin of 4.76% and a return on equity of 51.89%. On average, research analysts forecast that CDW Corporation will post 9.41 earnings per share for the current year.

CDW Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, November 25th. This is a boost from CDW’s previous quarterly dividend of $0.63. This represents a $2.52 annualized dividend and a yield of 1.9%. CDW’s dividend payout ratio is currently 31.82%.

Insider Activity

In other news, insider Sona Chawla sold 7,400 shares of CDW stock in a transaction on Monday, December 8th. The stock was sold at an average price of $146.17, for a total value of $1,081,658.00. Following the transaction, the insider owned 28,110 shares in the company, valued at approximately $4,108,838.70. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DNB Asset Management AS grew its stake in shares of CDW by 733.9% during the second quarter. DNB Asset Management AS now owns 25,641 shares of the information technology services provider’s stock worth $4,579,000 after buying an additional 22,566 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of CDW by 245.7% in the 2nd quarter. Marshall Wace LLP now owns 168,452 shares of the information technology services provider’s stock valued at $30,084,000 after acquiring an additional 119,719 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of CDW by 1,622.9% during the 2nd quarter. SG Americas Securities LLC now owns 202,238 shares of the information technology services provider’s stock valued at $36,118,000 after acquiring an additional 190,500 shares in the last quarter. TD Private Client Wealth LLC grew its position in CDW by 781.3% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,732 shares of the information technology services provider’s stock worth $488,000 after acquiring an additional 2,422 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its holdings in CDW by 12.6% in the 2nd quarter. Crescent Grove Advisors LLC now owns 160,740 shares of the information technology services provider’s stock worth $28,707,000 after purchasing an additional 18,009 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

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.