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

CDW (NASDAQ:CDW) had its target price boosted by UBS Group from $159.00 to $195.00 in a report released on Thursday,Benzinga reports. UBS Group currently has a buy rating on the information technology services provider’s stock.

Several other equities research analysts also recently issued reports on the company. Citigroup boosted their price objective on CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley raised their target price on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. Barclays dropped their target price on CDW from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Monday, September 21st. Finally, Weiss Ratings upgraded 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 assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.38.

CDW Stock Down 0.9%

CDW stock opened at $157.00 on Thursday. The company has a market capitalization 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 fifty-two week low of $97.12 and a fifty-two week high of $172.47. The firm has a 50 day moving average price of $148.73 and a 200 day moving average price of $133.76.

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

CDW Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.72 annualized dividend and a yield of 1.7%. This is a boost from CDW’s previous quarterly dividend of $0.63. CDW’s dividend payout ratio is 29.40%.

Hedge Funds Weigh In On CDW

Several institutional investors have recently modified their holdings of CDW. BlackRock Inc. purchased a new position in CDW in the second quarter valued at $2,143,082,000. Pzena Investment Management LLC acquired a new position in CDW during the 2nd quarter worth $371,135,000. Jupiter Topco LLC purchased a new stake in CDW during the 2nd quarter worth about $300,073,000. Bank of America Corp DE purchased a new stake in CDW during the 2nd quarter worth about $255,058,000. Finally, Assenagon Asset Management S.A. increased its holdings in CDW by 2,947.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,757,584 shares of the information technology services provider’s stock worth $225,252,000 after purchasing an additional 1,699,909 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Key Stories 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

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.