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

Shares of CDW Corporation (NASDAQ:CDW) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $186.4286.

CDW has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of CDW from $191.00 to $177.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a research note on Thursday, October 30th. Evercore ISI cut 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. UBS Group reduced their target price on CDW from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Raymond James Financial upgraded CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 25th.

Insider Activity at CDW

In other news, insider Sona Chawla sold 7,400 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $146.17, for a total value of $1,081,658.00. Following the sale, the insider directly owned 28,110 shares of the company’s stock, valued at $4,108,838.70. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC grew its stake in shares of CDW by 12.1% in the second quarter. V Square Quantitative Management LLC now owns 1,423 shares of the information technology services provider’s stock worth $254,000 after acquiring an additional 154 shares during the last quarter. Root Financial Partners LLC bought a new position in CDW in the 3rd quarter worth about $26,000. Bayforest Capital Ltd purchased a new stake in CDW during the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC increased its stake in CDW by 15.5% during 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. Finally, Empowered Funds LLC increased its stake in 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 purchasing an additional 216 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

CDW Price Performance

CDW opened at $133.16 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.30 and a current ratio of 1.39. The stock has a market capitalization of $17.34 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The stock’s 50 day moving average price is $144.19 and its 200-day moving average price is $159.43. CDW has a 52-week low of $132.98 and a 52-week high of $222.92.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.71 EPS 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 analyst estimates of $5.75 billion. CDW had a return on equity of 51.89% and a net margin of 4.76%. On average, equities research analysts predict that CDW will post 9.41 EPS for the current year.

CDW Increases Dividend

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

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.