CDW - CDW Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CDW in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CDW shares.
View CDW analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued 12-month price objectives for CDW's shares. Their CDW share price forecasts range from $210.00 to $230.00. On average, they anticipate the company's share price to reach $221.86 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for CDW or view top-rated stocks among Wall Street analysts.

CDW's stock was trading at $178.58 at the beginning of the year. Since then, CDW shares have increased by 6.8% and is now trading at $190.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our CDW earnings forecast.

CDW Co. (NASDAQ:CDW) issued its quarterly earnings results on Wednesday, February, 8th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.02. The information technology services provider earned $5.44 billion during the quarter, compared to analysts' expectations of $6.19 billion. CDW had a trailing twelve-month return on equity of 103.95% and a net margin of 4.69%. The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS.
Read the conference call transcript.

CDW declared a quarterly dividend on Wednesday, February 8th. Shareholders of record on Friday, February 24th will be given a dividend of $0.59 per share on Friday, March 10th. This represents a $2.36 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 23rd.
Read our dividend analysis for CDW.

ETFs with the largest weight of CDW (NASDAQ:CDW) stock in their portfolio include Argent Mid Cap ETF (AMID), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), VictoryShares Nasdaq Next 50 ETF (QQQN), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Siren DIVCON Leaders ETF (LEAD), Invesco DWA Technology Momentum ETF (PTF), Fidelity Women's Leadership ETF (FDWM) and Invesco Zacks Mid-Cap ETF (CZA).

CDW (NASDAQ:CDW) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.25%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDW will have a dividend payout ratio of 21.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDW.

CDW announced that its board has approved a share buyback plan on Wednesday, February 8th 2023, which authorizes the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Based on aggregate information from My MarketBeat watchlists, some companies that other CDW investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Accenture (ACN), Athabasca Oil (ATH), Intel (INTC), Zoetis (ZTS) and AutoZone (AZO).

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

CDW's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Select Equity Group L.P. (5.01%), Alliancebernstein L.P. (3.68%), Mawer Investment Management Ltd. (2.44%), Longview Partners Guernsey LTD (2.25%), Amundi (2.25%) and Geode Capital Management LLC (2.08%). Insiders that own company stock include Albert Joseph Miralles Jr, Christina M Corley, Christina M Corley, Christine A Leahy, Collin B Kebo, Donna F Zarcone, Douglas E Eckrote, Frederick J Kulevich and Matthew A Troka.
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Shares of CDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDW stock can currently be purchased for approximately $190.68.

CDW (NASDAQ:CDW) has a market capitalization of $25.85 billion and generates $23.75 billion in revenue each year. The information technology services provider earns $1.11 billion in net income (profit) each year or $8.13 on an earnings per share basis.

The company employs 10,600 workers across the globe.

CDW's mailing address is 75 TRI-STATE INTERNATIONAL, LINCOLNSHIRE IL, 60069. The official website for the company is www.cdw.com. The information technology services provider can be reached via phone at (847) 465-6000 or via email at investorrelations@cdw.com.