CDW Corporation (NASDAQ:CDW) Given Consensus Recommendation of “Moderate Buy” by Analysts

CDW Corporation (NASDAQ:CDW) has earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $160.4286.

A number of equities research analysts recently commented on CDW shares. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a research note on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of CDW from $170.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Evercore restated an “outperform” rating and set a $180.00 price objective on shares of CDW in a research report on Tuesday, January 20th. UBS Group lowered their target price on CDW from $190.00 to $162.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Finally, Citigroup raised their price target on CDW from $148.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th.

CDW Price Performance

CDW stock opened at $126.86 on Friday. The company has a market cap of $16.52 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. CDW has a one year low of $120.52 and a one year high of $194.99. The business has a fifty day moving average of $135.56 and a two-hundred day moving average of $149.52. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.18.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.13. CDW had a net margin of 4.76% and a return on equity of 50.66%. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the firm posted $2.48 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts predict that CDW will post 9.41 earnings per share for the current fiscal year.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Wednesday, February 25th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.52 annualized dividend and a yield of 2.0%. CDW’s payout ratio is presently 31.15%.

Insider Activity at CDW

In related news, insider Sona Chawla sold 7,400 shares of the company’s 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 completion of the transaction, the insider directly owned 28,110 shares in the company, valued at approximately $4,108,838.70. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CDW

Several hedge funds and other institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board increased its position in shares of CDW by 1.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 6,050 shares of the information technology services provider’s stock worth $824,000 after acquiring an additional 100 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of CDW in the 3rd quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC raised its position in shares of CDW by 15.5% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,427 shares of the information technology services provider’s stock valued at $255,000 after purchasing an additional 192 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of CDW by 1.2% during the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock valued at $2,897,000 after buying an additional 216 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of CDW by 87.9% during the third quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock worth $77,000 after buying an additional 226 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.