CDW Co. (NASDAQ:CDW) Given Average Rating of "Hold" by Analysts

CDW Co. (NASDAQ:CDW - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $208.71.

Several research firms recently issued reports on CDW. Barclays reduced their price objective on shares of CDW from $223.00 to $205.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on CDW from $222.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. UBS Group cut their price objective on CDW from $236.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup upped their target price on CDW from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th.

CDW Stock Up 0.7%

CDW stock traded up $1.30 during mid-day trading on Tuesday, hitting $178.73. The stock had a trading volume of 1,368,971 shares, compared to its average volume of 1,226,335. CDW has a 1-year low of $137.31 and a 1-year high of $241.26. The company has a fifty day moving average of $167.89 and a 200 day moving average of $175.80. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.21 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.19. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $4.93 billion. CDW had a return on equity of 55.42% and a net margin of 5.13%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 earnings per share. On average, equities analysts expect that CDW will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.98%.

Insider Transactions at CDW

In other CDW news, insider Christine A. Leahy sold 40,917 shares of CDW stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $181.42, for a total value of $7,423,162.14. Following the completion of the transaction, the insider now owns 144,931 shares in the company, valued at approximately $26,293,382.02. The trade was a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frederick J. Kulevich sold 28,159 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $190.90, for a total value of $5,375,553.10. Following the completion of the sale, the insider now owns 36,077 shares of the company's stock, valued at approximately $6,887,099.30. This trade represents a 43.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Institutional Investors Weigh In On CDW

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in CDW by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 16,746,334 shares of the information technology services provider's stock worth $2,683,767,000 after purchasing an additional 72,550 shares during the last quarter. Select Equity Group L.P. raised its position in shares of CDW by 5.6% during the first quarter. Select Equity Group L.P. now owns 3,695,937 shares of the information technology services provider's stock worth $592,311,000 after acquiring an additional 195,511 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CDW by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 3,535,405 shares of the information technology services provider's stock valued at $614,220,000 after acquiring an additional 54,341 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in CDW by 15.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,792,934 shares of the information technology services provider's stock worth $447,596,000 after purchasing an additional 378,841 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of CDW by 29.2% during the 4th quarter. Wellington Management Group LLP now owns 2,538,775 shares of the information technology services provider's stock worth $441,848,000 after buying an additional 574,444 shares during the period. Institutional investors own 93.15% of the company's stock.

CDW Company Profile

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.