CDW Corporation (NASDAQ:CDW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CDW Corporation (NASDAQ:CDW) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $160.4286.

Several analysts have issued reports on CDW shares. Morgan Stanley lifted their price target on CDW from $141.00 to $142.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Citigroup upped their price objective on CDW from $148.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. decreased their price objective on CDW from $170.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of CDW in a research report on Tuesday, January 27th. Finally, UBS Group cut their target price on CDW from $190.00 to $162.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th.

CDW Stock Up 0.1%

CDW stock opened at $117.59 on Thursday. The company has a 50 day moving average of $127.07 and a 200-day moving average of $142.35. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.77. CDW has a twelve month low of $112.98 and a twelve month high of $192.30. The stock has a market capitalization of $15.17 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.13. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $2.48 earnings per share. On average, equities research analysts anticipate that CDW will post 9.41 EPS for the current fiscal year.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 25th were issued a $0.63 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.1%. CDW’s dividend payout ratio (DPR) is 31.15%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board increased its stake in CDW by 1.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 6,050 shares of the information technology services provider’s stock valued at $824,000 after buying an additional 100 shares during the last quarter. Root Financial Partners LLC bought a new stake in CDW during the 3rd quarter worth about $26,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of CDW by 15.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,427 shares of the information technology services provider’s stock worth $255,000 after buying an additional 192 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of CDW by 1.2% during the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock worth $2,897,000 after buying an additional 216 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of CDW by 87.9% in the 3rd quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock valued at $77,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

About CDW

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.