CDW Corporation $CDW Stock: Hohimer Wealth Management LLC Grows Stake

Hohimer Wealth Management LLC raised its stake in shares of CDW Corporation (NASDAQ:CDW) by 199.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 126,782 shares of the information technology services provider’s stock after acquiring an additional 84,480 shares during the period. CDW makes up approximately 1.2% of Hohimer Wealth Management LLC’s holdings, making the stock its 9th biggest position. Hohimer Wealth Management LLC owned approximately 0.10% of CDW worth $16,248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CDW. Kendall Capital Management purchased a new position in CDW in the 2nd quarter worth approximately $3,584,000. Man Group plc bought a new position in CDW in the 2nd quarter worth approximately $1,262,000. Raiffeisen Bank International AG grew its holdings in CDW by 17,453.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 15,096 shares of the information technology services provider’s stock valued at $2,111,000 after buying an additional 15,010 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in CDW during the 2nd quarter valued at approximately $371,135,000. Finally, Jupiter Topco LLC purchased a new stake in CDW during the 2nd quarter valued at approximately $300,073,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Stock Performance

CDW opened at $157.00 on Monday. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.39 and a beta of 0.92. The stock’s 50 day moving average price is $148.73 and its 200-day moving average price is $133.76. CDW Corporation has a one year low of $97.12 and a one year high of $172.47. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.15 and a current ratio of 1.26.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.28. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.19 billion. CDW had a net margin of 4.48% and a return on equity of 52.23%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 earnings per share. On average, equities analysts forecast that CDW Corporation will post 10.33 EPS for the current year.

CDW Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group upped their target price on shares of CDW from $159.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Barclays cut their target price on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Monday, September 21st. Finally, Citigroup lifted their price target on shares of CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday. One investment 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. Based on data from MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.38.

CDW News Roundup

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

CDW Company Profile

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.