RBC Capital Markets reiterated their buy rating on shares of CDW Corp. (NASDAQ:CDW) in a research report released on Friday. They currently have a $48.00 price target on the stock.

Several other equities research analysts also recently weighed in on CDW. Raymond James Financial Inc. reissued a market perform rating on shares of CDW Corp. in a report on Tuesday, August 2nd. Zacks Investment Research raised CDW Corp. from a sell rating to a hold rating in a report on Wednesday, June 22nd. Barclays PLC reissued an overweight rating and issued a $47.00 price target on shares of CDW Corp. in a report on Friday, July 1st. Deutsche Bank AG raised their price target on CDW Corp. from $43.00 to $48.00 and gave the stock a buy rating in a report on Thursday, August 4th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a $46.00 price target on shares of CDW Corp. in a report on Thursday, May 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $46.09.

CDW Corp. (NASDAQ:CDW) opened at 46.55 on Friday. CDW Corp. has a 52 week low of $30.40 and a 52 week high of $46.92. The company’s 50 day moving average price is $44.87 and its 200-day moving average price is $42.28. The company has a market capitalization of $7.60 billion, a P/E ratio of 18.08 and a beta of 0.95.

CDW Corp. (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.08. CDW Corp. had a return on equity of 46.02% and a net margin of 3.18%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts expect that CDW Corp. will post $3.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 25th were given a dividend of $0.1075 per share. This represents a $0.43 annualized dividend and a yield of 0.92%. The ex-dividend date was Tuesday, August 23rd. CDW Corp.’s dividend payout ratio is currently 16.80%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of CDW Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 2,800 shares of the company’s stock valued at $112,000 after buying an additional 2,334 shares in the last quarter. IFP Advisors Inc boosted its position in shares of CDW Corp. by 9.4% in the first quarter. IFP Advisors Inc now owns 2,819 shares of the company’s stock valued at $117,000 after buying an additional 242 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of CDW Corp. by 632.0% in the second quarter. Ropes Wealth Advisors LLC now owns 3,111 shares of the company’s stock valued at $125,000 after buying an additional 2,686 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of CDW Corp. by 6.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,814 shares of the company’s stock valued at $138,000 after buying an additional 242 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of CDW Corp. by 14.5% in the second quarter. Daiwa Securities Group Inc. now owns 3,550 shares of the company’s stock valued at $142,000 after buying an additional 450 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

About CDW Corp.

CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.

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