CDW Corporation (NASDAQ:CDW) Receives Average Rating of “Hold” from Analysts

Shares of CDW Corporation (NASDAQ:CDW) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $202.00.

A number of equities analysts have commented on CDW shares. JPMorgan Chase & Co. lifted their target price on shares of CDW from $185.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. UBS Group reduced their target price on shares of CDW from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Barclays dropped their price target on shares of CDW from $205.00 to $176.00 and set an “equal weight” rating for the company in a research report on Thursday, August 7th. Citigroup lifted their price target on shares of CDW from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CDW in a research report on Wednesday, October 8th.

CDW Price Performance

Shares of CDW stock opened at $152.45 on Monday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.35 and a quick ratio of 1.22. The firm’s 50-day moving average is $161.80 and its two-hundred day moving average is $168.24. CDW has a 12 month low of $137.31 and a 12 month high of $222.92. The company has a market capitalization of $19.98 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.11. CDW had a net margin of 4.92% and a return on equity of 53.63%. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. CDW’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts predict that CDW will post 9.41 earnings per share for the current year.

CDW Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 25th were given a dividend of $0.625 per share. The ex-dividend date was Monday, August 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.6%. CDW’s dividend payout ratio (DPR) is currently 31.06%.

Institutional Investors Weigh In On CDW

A number of institutional investors have recently made changes to their positions in CDW. GW&K Investment Management LLC grew its holdings in shares of CDW by 78.9% in the first quarter. GW&K Investment Management LLC now owns 170 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of CDW in the first quarter valued at approximately $31,000. Pandora Wealth Inc. acquired a new position in shares of CDW in the first quarter valued at approximately $32,000. Stone House Investment Management LLC acquired a new position in shares of CDW in the first quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of CDW by 237.2% in the first quarter. Golden State Wealth Management LLC now owns 263 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 185 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.