Mirae Asset Global Investments Co. Ltd. Makes New Investment in CDW Corporation $CDW

Mirae Asset Global Investments Co. Ltd. bought a new stake in CDW Corporation (NASDAQ:CDW) during the 3rd quarter, HoldingsChannel reports. The firm bought 32,329 shares of the information technology services provider’s stock, valued at approximately $4,143,000.

Several other hedge funds have also recently made changes to their positions in CDW. Kendall Capital Management acquired a new position in CDW in the second quarter valued at approximately $3,584,000. Man Group plc acquired a new stake in shares of CDW during the 2nd quarter worth approximately $1,262,000. Raiffeisen Bank International AG grew its position in shares of CDW by 17,453.5% during the 2nd quarter. Raiffeisen Bank International AG now owns 15,096 shares of the information technology services provider’s stock worth $2,111,000 after buying an additional 15,010 shares during the period. Pzena Investment Management LLC bought a new stake in shares of CDW in the 2nd quarter valued at $371,135,000. Finally, Jupiter Topco LLC bought a new stake in shares of CDW in the 2nd quarter valued at $300,073,000. 93.15% of the stock is owned by institutional investors.

CDW Stock Down 0.9%

Shares of NASDAQ:CDW traded down $1.39 during trading on Friday, reaching $157.00. 1,507,555 shares of the stock were exchanged, compared to its average volume of 1,536,841. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $172.47. The stock has a fifty day moving average of $148.73 and a two-hundred day moving average of $133.76. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.28. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.19 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. CDW’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 EPS. Research analysts anticipate that CDW Corporation will post 10.33 earnings per share for the current fiscal year.

CDW Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from CDW’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, November 25th. CDW’s payout ratio is 29.40%.

Key Headlines Impacting CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Q3 results beat expectations. CDW reported adjusted EPS of $3.26 versus the $2.98 consensus and revenue of $6.75 billion versus $6.19 billion, with sales up 17.7% year over year. The company also raised its gross-profit outlook and signaled low-double-digit 2026 adjusted EPS growth. CDW sees double-digit growth in third quarter
• Positive Sentiment: Analysts raised price targets. JPMorgan and UBS moved their targets to $195, while Citigroup raised its target to $170 and maintained a neutral rating. Northcoast Research also raised its target, to $204. The upgrades reinforce optimism following the results. Citigroup target change
• Positive Sentiment: CDW increased its dividend. The quarterly payout rose 7.9% to $0.68 per share, signaling stronger shareholder returns. CDW dividend increase and risks
• Neutral Sentiment: Lovelytics acquisition adds a growth opportunity and investment cost. CDW acquired the data and analytics firm for $525 million; the deal may broaden its capabilities, but investors will assess integration and returns. Lovelytics sale to CDW
• Negative Sentiment: Financial and valuation risks remain. Commentary has flagged rising debt and shrinking margins, while questions about whether the shares already reflect strong results could limit upside. Evercore ISI also removed CDW from its TAP Outperform list. CDW valuation, results and Lovelytics deal

Analyst Ratings Changes

A number of research analysts recently issued reports on CDW shares. Citigroup boosted their target price on shares of CDW from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays dropped their price objective on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Monday, September 21st. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Finally, Morgan Stanley raised their target price on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, CDW presently has a consensus rating of “Moderate Buy” and an average price target of $167.38.

CDW Profile

CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.

Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.

Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.