CDW Corporation Company Profile (NASDAQ:CDW)

CDW Corporation trades on the NASDAQ under the ticker symbol "CDW."

CDW Corporation declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, August 25th will be given a dividend of $0.16 per share on Monday, September 11th. This represents a $0.64 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, August 23rd. View CDW Corporation's Dividend History.

CDW Corporation declared that its Board of Directors has authorized a share repurchase program on Thursday, August 3rd 2017, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

CDW Corporation (NASDAQ:CDW) released its quarterly earnings results on Thursday, August, 3rd. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The company earned $3.99 billion during the quarter, compared to analysts' expectations of $3.84 billion. CDW Corporation had a return on equity of 58.89% and a net margin of 2.95%. The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. View CDW Corporation's Earnings History.

CDW Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for CDW Corporation.

7 analysts have issued twelve-month target prices for CDW Corporation's shares. Their forecasts range from $51.51 to $75.00. On average, they expect CDW Corporation's share price to reach $65.36 in the next twelve months. View Analyst Ratings for CDW Corporation.

Here are some recent quotes from research analysts about CDW Corporation stock:

• 1. According to Zacks Investment Research, "CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company's software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois. " (8/8/2017)
• 2. Royal Bank Of Canada analysts commented, "CDW remains a compelling stock to own given its ability to sustain mid/high single digit sales growth and double-digit EPS growth largely driven by organic initiatives. We see room for upside in FY17E driven by multiple factors: 1) Tax Reform, given the current 38% taxrate, 2) potential to sustain mid/high single-digit revenue growth should broader macro accelerate (nascent signs it's happening), 3) capacity to improve capital allocation given solid FCF generation, 4) Potential for EBITDA margins to shift higher as services and solutions mix improves, and 5) Benefit from emerging growth areas within IT including cloud, hyperconverged, and all-flash. Maintain OP and $64 target." (3/6/2017)
• 3. Needham & Company LLC analysts commented, "With strong financials as a positive backdrop, CDW successfully refinanced a portion of it debt this week. The company has been a good steward of shareholder assets and driven outsized returns. We expect these dynamics to continue against what is likely to be, in our view, a better IT spending environment in 2017. We are adjusting our estimates slightly for the more accurate interest expense change, and reiterate our Buy and increase our target to $66 (from $60)." (3/3/2017)

Some companies that are related to CDW Corporation include CGI Group (GIB), Palo Alto Networks (PANW), Total System Services (TSS), Gartner (IT), VeriSign (VRSN), Amdocs Limited (DOX), Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), Fortinet (FTNT), LogMein (LOGM), CSRA (CSRA), Booz Allen Hamilton Holding Corporation (BAH), GoDaddy (GDDY), NCR Corporation (NCR), Aspen Technology (AZPN), EPAM Systems (EPAM) and Medidata Solutions (MDSO).

CDW Corporation's management team includes the folowing people:

• Thomas E. Richards, Chairman, President and Chief Executive Officer and Director
• Ann E. Ziegler, Senior Vice President and Chief Financial Officer
• Jonathan J. Stevens, Senior Vice President - Operations, Chief Information Officer
• Christine A. Leahy, Senior Vice President - International, Chief Legal Officer and Corporate Secretary, Chief Revenue Officer, General Council
• Douglas E. Eckrote, Senior Vice President - Small Business Sales and E-commerce
• Christina V. Rother, Senior Vice President - Public and Advanced Technology Sales
• Mark Chong, Senior Vice President - Strategy and Marketing
• Dennis G. Berger, Senior Vice President and Chief Coworker Services Officer
• Neal J. Campbell, Senior Vice President - Strategic Solutions and Services
• Christina M. Corley, Senior Vice President - Commercial and International Markets

CDW Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Neuberger Berman Group LLC (3.14%), Fenimore Asset Management Inc. (1.27%), Eaton Vance Management (0.97%), TIAA CREF Investment Management LLC (0.64%), Bank of New York Mellon Corp (0.50%) and Advisory Research Inc. (0.35%). Company insiders that own CDW Corporation stock include Christina M Corley, Christine A Leahy, Dennis G Berger, Douglas E Eckrote, Glenn M Creamer, Jonathan J Stevens, Madison Dearborn Partners Llc, Neal J Campbell, Neil B Fairfield, Paul J Finnegan and Thomas E Richards. View Institutional Ownership Trends for CDW Corporation.

CDW Corporation's stock was sold by a variety of institutional investors in the last quarter, including Cornerstone Capital Management Holdings LLC., Neuberger Berman Group LLC, New York State Common Retirement Fund, California State Teachers Retirement System, Balyasny Asset Management LLC, Marshall Wace North America L.P., Fenimore Asset Management Inc. and KAMES CAPITAL plc. Company insiders that have sold CDW Corporation stock in the last year include Christina M Corley, Christine A Leahy, Dennis G Berger, Douglas E Eckrote, Jonathan J Stevens, Neal J Campbell, Neil B Fairfield and Thomas E Richards. View Insider Buying and Selling for CDW Corporation.

CDW Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Capital Fund Management S.A., Nationwide Fund Advisors, Teachers Advisors LLC, Eaton Vance Management, Thrivent Financial For Lutherans, First Quadrant L P CA, Canada Pension Plan Investment Board and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for CDW Corporation.

Shares of CDW Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CDW Corporation stock can currently be purchased for approximately $61.44.