Raiffeisen Bank International AG Has $2.11 Million Stock Position in CDW Corporation $CDW

Raiffeisen Bank International AG lifted its stake in shares of CDW Corporation (NASDAQ:CDW) by 17,453.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,096 shares of the information technology services provider’s stock after purchasing an additional 15,010 shares during the period. Raiffeisen Bank International AG’s holdings in CDW were worth $2,111,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in CDW by 20.5% during the fourth quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider’s stock worth $38,812,000 after buying an additional 48,547 shares during the last quarter. Kendall Capital Management acquired a new stake in CDW in the second quarter valued at $3,584,000. Pzena Investment Management LLC acquired a new stake in CDW in the second quarter valued at $371,135,000. Man Group plc bought a new position in shares of CDW in the 2nd quarter valued at about $1,262,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of CDW during the 2nd quarter worth about $1,295,000. Institutional investors and hedge funds own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a report on Wednesday, May 27th. Citigroup lifted their price target on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Weiss Ratings raised CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Morgan Stanley upped their price objective on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised CDW to an “outperform” rating and set a $130.00 price objective for the company in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CDW currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

CDW Price Performance

NASDAQ:CDW opened at $152.38 on Friday. The company has a market cap of $19.05 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.02 and a beta of 0.95. The firm’s fifty day moving average price is $139.96 and its two-hundred day moving average price is $129.24. CDW Corporation has a one year low of $97.12 and a one year high of $171.55. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.11. The company had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. CDW’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.60 EPS. Equities analysts expect that CDW Corporation will post 10.33 earnings per share for the current year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 25th. CDW’s dividend payout ratio is currently 30.29%.

Insider Transactions at CDW

In other CDW news, insider Elizabeth Connelly sold 26,695 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the completion of the sale, the insider directly owned 34,215 shares in the company, valued at $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by company insiders.

CDW News Roundup

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

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.