Brokerages Set CDW Co. (NASDAQ:CDW) PT at $251.11

Shares of CDW Co. (NASDAQ:CDW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $251.11.

A number of research analysts recently commented on CDW shares. Northcoast Research raised CDW from a "neutral" rating to a "buy" rating and set a $270.00 price target for the company in a report on Friday, June 7th. Evercore ISI increased their price target on CDW from $250.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Stifel Nicolaus raised their target price on CDW from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on CDW from $280.00 to $265.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. Finally, Citigroup lowered their price target on CDW from $295.00 to $260.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd.

CDW Trading Down 2.1 %

CDW stock traded down $4.86 during trading on Friday, reaching $228.84. 645,257 shares of the stock traded hands, compared to its average volume of 1,016,627. The business's 50 day moving average price is $225.62 and its 200-day moving average price is $233.72. CDW has a 52-week low of $184.99 and a 52-week high of $263.37. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.26 and a quick ratio of 1.13. The firm has a market capitalization of $30.76 billion, a PE ratio of 28.57, a P/E/G ratio of 3.44 and a beta of 1.04.

CDW (NASDAQ:CDW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($0.15). CDW had a net margin of 5.16% and a return on equity of 67.56%. The firm had revenue of $4.87 billion for the quarter, compared to analysts' expectations of $4.94 billion. As a group, sell-side analysts forecast that CDW will post 9.67 earnings per share for the current year.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 23rd. CDW's dividend payout ratio (DPR) is presently 30.96%.

Insider Activity

In other news, insider Sona Chawla sold 18,437 shares of CDW stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the transaction, the insider now owns 22,428 shares in the company, valued at approximately $5,392,812.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CDW

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of CDW by 29.1% during the 4th quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider's stock worth $787,638,000 after purchasing an additional 781,421 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CDW by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider's stock worth $4,196,721,000 after purchasing an additional 714,393 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of CDW by 225.9% during the 1st quarter. Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider's stock worth $225,491,000 after purchasing an additional 611,054 shares during the last quarter. First Trust Advisors LP increased its position in shares of CDW by 627.3% during the 4th quarter. First Trust Advisors LP now owns 625,781 shares of the information technology services provider's stock worth $142,252,000 after purchasing an additional 539,745 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of CDW during the 4th quarter worth approximately $111,736,000. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.