CDW (NASDAQ:CDW) Price Target Raised to $195.00

CDW (NASDAQ:CDW) had its target price upped by JPMorgan Chase & Co. from $170.00 to $195.00 in a report issued on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also commented on the stock. Morgan Stanley upped their price target on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Barclays dropped their price objective on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Finally, Citigroup boosted their target price on shares of CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CDW currently has a consensus rating of “Moderate Buy” and an average target price of $167.38.

CDW Stock Down 0.9%

CDW stock opened at $157.00 on Thursday. The stock has a market cap of $19.60 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.05 and a current ratio of 1.26. CDW has a one year low of $97.12 and a one year high of $172.47. The stock has a fifty day moving average of $148.73 and a 200 day moving average of $133.76.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.28. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.19 billion. CDW had a return on equity of 52.23% and a net margin of 4.48%. CDW’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.71 earnings per share. As a group, sell-side analysts predict that CDW will post 10.33 EPS for the current year.

CDW Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. This is an increase from CDW’s previous quarterly dividend of $0.63. CDW’s payout ratio is 29.40%.

Hedge Funds Weigh In On CDW

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aberdeen Group plc grew its holdings in CDW by 69.9% during the third quarter. Aberdeen Group plc now owns 229,912 shares of the information technology services provider’s stock valued at $29,466,000 after purchasing an additional 94,618 shares during the period. Allworth Financial LP increased its position in CDW by 1,902.0% in the third quarter. Allworth Financial LP now owns 23,584 shares of the information technology services provider’s stock worth $3,023,000 after buying an additional 22,406 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of CDW by 324.4% in the third quarter. Russell Investments Group Ltd. now owns 235,940 shares of the information technology services provider’s stock worth $30,255,000 after buying an additional 180,344 shares during the period. Eurizon Capital SGR S.p.A. raised its stake in shares of CDW by 1,257.7% in the third quarter. Eurizon Capital SGR S.p.A. now owns 183,264 shares of the information technology services provider’s stock worth $23,487,000 after buying an additional 169,766 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of CDW by 100.4% in the third quarter. CENTRAL TRUST Co now owns 958 shares of the information technology services provider’s stock worth $123,000 after buying an additional 480 shares during the period. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

CDW News Summary

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Q3 results beat expectations. CDW reported adjusted EPS of $3.26 versus the $2.98 consensus and revenue of $6.75 billion versus $6.19 billion, with sales up 17.7% year over year. The company also raised its gross-profit outlook and signaled low-double-digit 2026 adjusted EPS growth. CDW sees double-digit growth in third quarter
• Positive Sentiment: Analysts raised price targets. JPMorgan and UBS moved their targets to $195, while Citigroup raised its target to $170 and maintained a neutral rating. Northcoast Research also raised its target, to $204. The upgrades reinforce optimism following the results. Citigroup target change
• Positive Sentiment: CDW increased its dividend. The quarterly payout rose 7.9% to $0.68 per share, signaling stronger shareholder returns. CDW dividend increase and risks
• Neutral Sentiment: Lovelytics acquisition adds a growth opportunity and investment cost. CDW acquired the data and analytics firm for $525 million; the deal may broaden its capabilities, but investors will assess integration and returns. Lovelytics sale to CDW
• Negative Sentiment: Financial and valuation risks remain. Commentary has flagged rising debt and shrinking margins, while questions about whether the shares already reflect strong results could limit upside. Evercore ISI also removed CDW from its TAP Outperform list. CDW valuation, results and Lovelytics deal

About CDW

CDW Corporation is a provider of information technology products and services to businesses, government agencies, educational institutions and healthcare organizations. The company helps customers select, purchase, implement and manage technology solutions.

Its offerings include computers and other hardware, software, cloud services, cybersecurity, networking, data center infrastructure and collaboration tools. CDW also provides consulting, integration and ongoing technology support, helping customers plan and operate their IT environments.

Founded in 1984 as Computer Discount Warehouse, the company later adopted the CDW name.