CDW Corporation (NASDAQ:CDW) Receives Average Recommendation of “Moderate Buy” from Analysts

CDW Corporation (NASDAQ:CDW) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $160.4286.

A number of research firms recently commented on CDW. Raymond James Financial upgraded CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CDW in a research report on Tuesday, January 27th. JPMorgan Chase & Co. reduced their target price on CDW from $170.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Barclays decreased their target price on CDW from $148.00 to $144.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Finally, UBS Group cut their price target on CDW from $190.00 to $162.00 and set a “buy” rating for the company in a report on Thursday, February 5th.

Institutional Investors Weigh In On CDW

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP boosted its stake in CDW by 255.7% in the 3rd quarter. Marshall Wace LLP now owns 599,248 shares of the information technology services provider’s stock valued at $95,448,000 after purchasing an additional 430,796 shares during the period. SG Americas Securities LLC increased its position in 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 worth $36,118,000 after buying an additional 190,500 shares during the period. Border to Coast Pensions Partnership Ltd bought a new position in CDW during the 3rd quarter worth $29,649,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of CDW during the fourth quarter worth $18,948,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of CDW during the fourth quarter worth $16,274,000. 93.15% of the stock is currently owned by institutional investors and hedge funds.

CDW Stock Up 0.2%

CDW stock opened at $118.91 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 1.77. CDW has a 1-year low of $117.00 and a 1-year high of $192.30. The company has a fifty day simple moving average of $128.75 and a 200 day simple moving average of $144.05. The company has a market cap of $15.34 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.64 and a beta of 1.06.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.44 by $0.13. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.48 EPS. Research analysts anticipate that CDW will post 9.41 earnings per share for the current fiscal year.

CDW Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were given a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.52 annualized dividend and a dividend yield of 2.1%. CDW’s dividend payout ratio is presently 31.15%.

About CDW

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.