32,329 Shares in CDW Corporation $CDW Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a CDW position, purchasing 32,329 shares in the third quarter valued at approximately $4.14 million. Institutional investors collectively own 93.15% of the company’s shares.
• CDW’s latest quarter beat expectations, reporting adjusted EPS of $3.26 versus $2.98 expected and revenue of $6.75 billion versus $6.19 billion; revenue grew 17.7% year over year.
• CDW raised its quarterly dividend from $0.63 to $0.68 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $167.38.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CDW Corporation (NASDAQ:CDW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,329 shares of the information technology services provider's stock, valued at approximately $4,143,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Union Savings Bank lifted its stake in shares of CDW by 500.0% during the 3rd 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 during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of CDW during the 2nd quarter worth $28,000. Keating Financial Advisory Services Inc. acquired a new stake in CDW during the second quarter worth about $28,000. Manchester Capital Management LLC increased its stake in 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 acquiring an additional 204 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of CDW in the 2nd quarter valued at $31,000. 93.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CDW. Weiss Ratings upgraded CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. UBS Group boosted their price objective on CDW from $159.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on CDW from $170.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley lifted their price target on CDW from $170.00 to $171.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Barclays reduced their price target on CDW from $150.00 to $148.00 and set an "equal weight" rating on the stock in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, CDW has a consensus rating of "Moderate Buy" and an average target price of $167.38.

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 Trading Down 0.9%

Shares of CDW stock traded down $1.39 during trading on Friday, hitting $157.00. The company's stock had a trading volume of 1,507,555 shares, compared to its average volume of 1,536,841. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. CDW Corporation has a 52 week low of $97.12 and a 52 week high of $172.47. The stock has a 50-day moving average price of $148.73 and a two-hundred day moving average price of $133.76. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05.

CDW (NASDAQ:CDW - Get Free Report) last announced its 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 50.61% and a net margin of 4.60%. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $2.71 EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Increases Dividend

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

About CDW

CDW Corporation NASDAQ: CDW is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.

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