CDW Co. (NASDAQ:CDW) Given Consensus Rating of "Moderate Buy" by Analysts

CDW Co. (NASDAQ:CDW - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $254.63.

A number of equities research analysts recently issued reports on CDW shares. Northcoast Research raised CDW from a "neutral" rating to a "buy" rating and set a $270.00 price target on the stock in a research report on Friday, June 7th. Barclays decreased their price target on CDW from $232.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price objective on shares of CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th.

CDW Stock Performance

NASDAQ:CDW traded down $2.61 on Friday, hitting $212.21. The company's stock had a trading volume of 709,034 shares, compared to its average volume of 834,884. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The stock has a fifty day moving average of $221.91 and a two-hundred day moving average of $231.67. CDW has a one year low of $185.04 and a one year high of $263.37. The firm has a market capitalization of $28.52 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.04.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.39 by ($0.05). CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the business posted $2.43 earnings per share. The business's revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts predict that CDW will post 9.4 earnings per share for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, August 26th. CDW's payout ratio is 30.96%.

Insider Activity

In related news, insider Christine A. Leahy purchased 1,200 shares of CDW stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $216.15 per share, for a total transaction of $259,380.00. Following the transaction, the insider now owns 102,200 shares of the company's stock, valued at approximately $22,090,530. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CDW news, insider Sona Chawla sold 18,437 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total value of $4,433,176.65. Following the transaction, the insider now directly owns 22,428 shares of the company's stock, valued at $5,392,812.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christine A. Leahy acquired 1,200 shares of CDW stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now owns 102,200 shares in the company, valued at $22,090,530. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CDW

A number of institutional investors have recently modified their holdings of CDW. Vanguard Group Inc. raised its holdings in CDW by 4.6% during the first quarter. Vanguard Group Inc. now owns 16,407,542 shares of the information technology services provider's stock worth $4,196,721,000 after buying an additional 714,393 shares during the last quarter. Wellington Management Group LLP boosted its stake in 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 valued at $787,638,000 after purchasing an additional 781,421 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in CDW by 0.9% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,101,924 shares of the information technology services provider's stock valued at $793,410,000 after purchasing an additional 27,753 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of CDW by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,431,573 shares of the information technology services provider's stock valued at $366,168,000 after purchasing an additional 51,450 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in CDW by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,292,674 shares of the information technology services provider's stock valued at $289,357,000 after acquiring an additional 128,263 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

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.