CDW has been the topic of several other research reports. Deutsche Bank AG lifted their price target on shares of CDW Corp. from $43.00 to $48.00 and gave the company a buy rating in a report on Thursday, August 4th. Royal Bank Of Canada restated an outperform rating and set a $46.00 target price on shares of CDW Corp. in a report on Thursday, May 19th. Barclays PLC restated an overweight rating and set a $47.00 target price on shares of CDW Corp. in a report on Friday, July 1st. Zacks Investment Research upgraded shares of CDW Corp. from a sell rating to a hold rating in a report on Wednesday, June 22nd. Finally, Raymond James Financial Inc. restated a market perform rating on shares of CDW Corp. in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $46.09.
CDW Corp. (NASDAQ:CDW) opened at 46.55 on Friday. CDW Corp. has a 52-week low of $30.40 and a 52-week high of $46.92. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 18.08 and a beta of 0.95. The company’s 50-day moving average is $44.87 and its 200 day moving average is $42.28.
CDW Corp. (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.08. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.65 billion. CDW Corp. had a net margin of 3.18% and a return on equity of 46.02%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. Equities analysts forecast that CDW Corp. will post $3.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, August 25th were given a dividend of $0.1075 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, August 23rd. CDW Corp.’s payout ratio is currently 16.80%.
Several large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC increased its position in shares of CDW Corp. by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 765,190 shares of the company’s stock worth $31,755,000 after buying an additional 10,475 shares during the period. Ngam Advisors L.P. increased its position in shares of CDW Corp. by 10.5% in the first quarter. Ngam Advisors L.P. now owns 57,676 shares of the company’s stock worth $2,393,000 after buying an additional 5,494 shares during the period. Three Peaks Capital Management LLC increased its position in shares of CDW Corp. by 16.2% in the first quarter. Three Peaks Capital Management LLC now owns 283,153 shares of the company’s stock worth $11,751,000 after buying an additional 39,520 shares during the period. IFP Advisors Inc increased its position in shares of CDW Corp. by 9.4% in the first quarter. IFP Advisors Inc now owns 2,819 shares of the company’s stock worth $117,000 after buying an additional 242 shares during the period. Finally, Virginia Retirement System bought a new position in shares of CDW Corp. during the first quarter worth about $5,985,000. 90.24% of the stock is owned by hedge funds and other institutional investors.
About CDW Corp.
CDW Corporation (CDW) provides integrated information technology (IT) solutions. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers. The Corporate segment is divided into a medium/large business customer channel, serving customers with approximately 100 employees and a small business customer channel, serving customers with over 100 employees.
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