CDW Corporation (NASDAQ:CDW) Receives Average Rating of "Hold" from Analysts

Key Points

• CDW Corporation has an average analyst rating of "Hold", with four analysts recommending a hold and two suggesting a buy, and a one-year price target averaging $202.00.
• The company recently reported earnings of $2.60 per share, exceeding expectations, along with a revenue of $5.98 billion for the quarter—a 10.2% increase from the previous year.
• CDW announced a quarterly dividend of $0.625 per share, with an annualized yield of 1.5%, set to be paid on September 10th to shareholders of record on August 25th.

CDW Corporation (NASDAQ:CDW - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $202.00.

CDW has been the subject of a number of research reports. Citigroup lifted their price target on CDW from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. UBS Group decreased their price objective on CDW from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Barclays decreased their price objective on CDW from $205.00 to $176.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on CDW from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, July 17th.

Hedge Funds Weigh In On CDW

Several institutional investors and hedge funds have recently modified their holdings of CDW. Stifel Financial Corp increased its stake in shares of CDW by 19.1% in the 4th quarter. Stifel Financial Corp now owns 88,663 shares of the information technology services provider's stock valued at $15,431,000 after purchasing an additional 14,234 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of CDW in the 4th quarter valued at about $1,511,000. Coldstream Capital Management Inc. increased its stake in shares of CDW by 11.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,778 shares of the information technology services provider's stock valued at $309,000 after purchasing an additional 184 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of CDW in the 4th quarter valued at about $5,916,000. Finally, Berger Financial Group Inc increased its stake in shares of CDW by 2.8% in the 4th quarter. Berger Financial Group Inc now owns 22,793 shares of the information technology services provider's stock valued at $3,967,000 after purchasing an additional 615 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Stock Performance

CDW traded down $1.11 on Friday, reaching $164.76. 1,109,840 shares of the stock were exchanged, compared to its average volume of 1,353,628. The company's 50-day moving average price is $173.43 and its 200 day moving average price is $171.72. CDW has a fifty-two week low of $137.31 and a fifty-two week high of $230.86. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.35 and a quick ratio of 1.22. The firm has a market capitalization of $21.59 billion, a PE ratio of 20.47, a PEG ratio of 2.76 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.11. CDW had a return on equity of 53.63% and a net margin of 4.92%.The company had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $5.51 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The firm's revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts forecast that CDW will post 9.41 EPS for the current fiscal year.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 25th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 25th. CDW's payout ratio is 31.06%.

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.