CDW (NASDAQ:CDW) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of CDW (NASDAQ:CDW – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the information technology services provider’s stock.

CDW has been the topic of several other research reports. Morgan Stanley lifted their price objective on CDW from $217.00 to $228.00 and gave the stock an overweight rating in a report on Thursday, February 9th. Credit Suisse Group lifted their price objective on CDW from $220.00 to $230.00 and gave the stock an outperform rating in a report on Thursday, February 9th. JPMorgan Chase & Co. lifted their price objective on CDW from $215.00 to $225.00 and gave the stock an overweight rating in a report on Tuesday, December 20th. Citigroup boosted their price target on CDW from $210.00 to $230.00 and gave the company a buy rating in a research note on Thursday, February 9th. Finally, Raymond James boosted their price target on CDW from $200.00 to $220.00 and gave the company an outperform rating in a research note on Thursday, February 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $221.86.

CDW Stock Down 2.9 %

Shares of CDW stock opened at $188.05 on Thursday. The stock’s 50 day simple moving average is $199.07 and its 200 day simple moving average is $182.86. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.17 and a current ratio of 1.33. CDW has a twelve month low of $147.91 and a twelve month high of $215.00. The company has a market capitalization of $25.50 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.50 and a beta of 1.13.

CDW (NASDAQ:CDW – Get Rating) last released its earnings results on Wednesday, February 8th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.02. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $6.19 billion. CDW had a return on equity of 103.95% and a net margin of 4.69%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. As a group, research analysts predict that CDW will post 9.87 EPS for the current year.

CDW declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 8th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were given a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $2.36 annualized dividend and a yield of 1.25%. CDW’s payout ratio is 29.03%.

Insider Buying and Selling at CDW

In other CDW news, Director Donna F. Zarcone sold 4,703 shares of CDW stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $203.23, for a total value of $955,790.69. Following the completion of the transaction, the director now owns 18,058 shares in the company, valued at approximately $3,669,927.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On CDW

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of CDW by 76.3% during the fourth quarter. Allworth Financial LP now owns 141 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 61 shares during the last quarter. RFP Financial Group LLC bought a new stake in CDW in the fourth quarter valued at about $25,000. Dark Forest Capital Management LP increased its holdings in CDW by 86.9% in the fourth quarter. Dark Forest Capital Management LP now owns 157 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in CDW by 1,333.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 172 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 160 shares during the last quarter. Finally, Altshuler Shaham Ltd bought a new stake in CDW in the fourth quarter valued at about $33,000. Institutional investors own 92.78% of the company’s stock.

CDW Company Profile

(Get Rating)

CDW Corp. engages in the provision of information technology solutions to small, medium, and large business, government, education, and healthcare customers. It operates through the following segments: Corporate, Small Business, Public, and Other. The Public segment includes government agencies and education and healthcare institutions.