Raiffeisen Bank International AG Buys 15,010 Shares of CDW Corporation $CDW

Key Points

• Raiffeisen Bank International increased its CDW stake by 17,453.5% in the second quarter, acquiring 15,010 additional shares for a total holding valued at approximately $2.1 million. Institutional investors collectively own 93.15% of CDW.
• CDW reported quarterly earnings of $2.91 per share and revenue of $6.57 billion, exceeding analyst expectations, while revenue grew 10% year over year. The company also announced a quarterly dividend of $0.63 per share, representing a 1.7% yield.
• Analyst sentiment remains favorable, with CDW carrying a consensus “Moderate Buy” rating and a $147 average price target. Its planned $525 million acquisition of Lovelytics could strengthen its AI-services business, though integration and deal-execution risks remain.

Raiffeisen Bank International AG grew its stake in CDW Corporation (NASDAQ:CDW - Free Report) by 17,453.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,096 shares of the information technology services provider's stock after acquiring an additional 15,010 shares during the quarter. Raiffeisen Bank International AG's holdings in CDW were worth $2,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CDW. BlackRock Inc. bought a new stake in CDW in the second quarter valued at approximately $2,143,082,000. Pzena Investment Management LLC bought a new position in shares of CDW during the second quarter worth $371,135,000. Jupiter Topco LLC acquired a new position in shares of CDW in the 2nd quarter valued at $300,073,000. Alyeska Investment Group L.P. grew its holdings in shares of CDW by 197.1% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,854,952 shares of the information technology services provider's stock valued at $260,880,000 after buying an additional 1,230,517 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of CDW in the 2nd quarter valued at $255,058,000. Institutional investors own 93.15% of the company's stock.

Wall Street Analyst Weigh In

CDW has been the topic of several research analyst reports. Weiss Ratings raised CDW from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Citigroup increased their price target on CDW from $123.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. JPMorgan Chase & Co. raised CDW from a "neutral" rating to an "overweight" rating and set a $130.00 price target on the stock in a research report on Wednesday, May 27th. Morgan Stanley raised their price target on CDW from $170.00 to $171.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada upgraded CDW to an "outperform" rating and set a $130.00 price objective for the company in a research report on Wednesday, May 27th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Key Stories Impacting CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

CDW Trading Down 1.0%

NASDAQ CDW opened at $152.38 on Friday. CDW Corporation has a 52 week low of $97.12 and a 52 week high of $171.55. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. The stock's 50 day moving average price is $139.96 and its two-hundred day moving average price is $129.24. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.02 and a beta of 0.95.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.11. CDW had a net margin of 4.60% and a return on equity of 50.61%. The company had revenue of $6.57 billion during the quarter, compared to analysts' expectations of $6.21 billion. During the same period last year, the business earned $2.60 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts anticipate that CDW Corporation will post 10.33 earnings per share for the current fiscal year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 annualized dividend and a yield of 1.7%. CDW's dividend payout ratio is presently 30.29%.

Insiders Place Their Bets

In related news, insider Elizabeth Connelly sold 26,695 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the transaction, the insider owned 34,215 shares of the company's stock, valued at approximately $4,708,668.30. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.82% of the company's stock.

CDW Company Profile

CDW NASDAQ: CDW is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

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