CDW (NASDAQ:CDW) Price Target Raised to $170.00

CDW (NASDAQ:CDW) had its target price lifted by Citigroup from $150.00 to $170.00 in a research report sent to investors on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the information technology services provider’s stock.

A number of other analysts have also recently commented on CDW. 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. Morgan Stanley raised their price target on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.38.

CDW Price Performance

Shares of NASDAQ CDW opened at $157.00 on Thursday. The firm has a market cap of $19.60 billion, a PE ratio of 18.32, a PEG ratio of 2.06 and a beta of 0.92. The firm has a fifty day moving average of $148.73 and a 200 day moving average of $133.76. 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.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.28. The company had revenue of $6.75 billion during 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 firm’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. As a group, research analysts predict that CDW will post 10.33 EPS for the current fiscal year.

CDW Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDW. Union Savings Bank grew its holdings in shares of CDW by 500.0% during the third quarter. Union Savings Bank now owns 192 shares of the information technology services provider’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of CDW by 10,200.0% in the third quarter. Manchester Capital Management LLC now owns 206 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Hollencrest Capital Management raised its position in shares of CDW by 909.1% in the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Valued Wealth Advisors LLC lifted its stake in shares of CDW by 2,550.0% in the third quarter. Valued Wealth Advisors LLC now owns 212 shares of the information technology services provider’s stock worth $27,000 after buying an additional 204 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of CDW in the second quarter worth about $28,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Key Headlines Impacting CDW

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.