CDW Corp (NASDAQ:CDW) has earned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $66.72.
Several research firms recently issued reports on CDW. Zacks Investment Research downgraded shares of CDW from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub raised shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Barclays reaffirmed a “hold” rating and set a $69.00 price objective on shares of CDW in a report on Sunday, November 5th. Morgan Stanley upped their price objective on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $75.00 price objective on shares of CDW in a report on Wednesday, November 1st.
CDW (CDW) opened at $69.76 on Monday. CDW has a 12 month low of $50.49 and a 12 month high of $71.53. The company has a market cap of $10,677.68, a price-to-earnings ratio of 19.71 and a beta of 1.06. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from CDW’s previous quarterly dividend of $0.16. CDW’s dividend payout ratio (DPR) is 31.11%.
In other CDW news, insider Thomas E. Richards sold 14,503 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $67.97, for a total value of $985,768.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christine A. Leahy sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $60.26, for a total transaction of $723,120.00. Following the completion of the sale, the insider now owns 162,130 shares of the company’s stock, valued at approximately $9,769,953.80. The disclosure for this sale can be found here. Insiders have sold a total of 130,759 shares of company stock valued at $8,814,937 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CDW. Russell Investments Group Ltd. boosted its stake in shares of CDW by 81.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 29,323 shares of the information technology services provider’s stock valued at $1,833,000 after purchasing an additional 13,139 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of CDW in the 2nd quarter valued at about $3,852,000. Dupont Capital Management Corp bought a new position in shares of CDW in the 2nd quarter valued at about $567,000. Alps Advisors Inc. boosted its stake in shares of CDW by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,059 shares of the information technology services provider’s stock valued at $504,000 after purchasing an additional 21 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of CDW by 9.3% in the 2nd quarter. Blair William & Co. IL now owns 17,161 shares of the information technology services provider’s stock valued at $1,073,000 after purchasing an additional 1,454 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
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CDW Company Profile
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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