CDW (CDW) Rating Reiterated by Robert W. Baird

Robert W. Baird restated their buy rating on shares of CDW (NASDAQ:CDW) in a research report report published on Wednesday morning. The firm currently has a $80.00 target price on the information technology services provider’s stock.

CDW has been the topic of a number of other research reports. Raymond James Financial downgraded CDW from a market perform rating to an underperform rating in a research report on Friday, October 13th. Stifel Nicolaus reiterated a buy rating and set a $70.00 price target on shares of CDW in a research report on Tuesday, October 17th. Zacks Investment Research upgraded CDW from a hold rating to a buy rating and set a $78.00 price target on the stock in a research report on Monday, October 30th. Morgan Stanley increased their price target on CDW from $58.00 to $63.00 and gave the stock an equal weight rating in a research report on Thursday, November 2nd. Finally, Barclays reiterated a hold rating and set a $69.00 price target on shares of CDW in a research report on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $72.00.

Shares of CDW (CDW) opened at $69.14 on Wednesday. CDW has a one year low of $55.80 and a one year high of $76.73. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. The company has a market capitalization of $10,568.99, a PE ratio of 20.76 and a beta of 1.06.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. CDW had a return on equity of 68.41% and a net margin of 3.44%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. research analysts expect that CDW will post 4.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. CDW’s dividend payout ratio (DPR) is presently 25.23%.

In other news, insider Neal J. Campbell sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $68.22, for a total value of $163,728.00. Following the transaction, the insider now owns 28,479 shares in the company, valued at $1,942,837.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas E. Richards sold 13,721 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.93, for a total value of $1,000,672.53. Following the completion of the transaction, the insider now owns 642,302 shares in the company, valued at approximately $46,843,084.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,396 shares of company stock worth $4,477,782. Company insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC increased its holdings in shares of CDW by 63.8% in the second quarter. Piedmont Investment Advisors LLC now owns 23,562 shares of the information technology services provider’s stock valued at $1,473,000 after purchasing an additional 9,179 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of CDW by 10.5% in the second quarter. Public Employees Retirement System of Ohio now owns 187,917 shares of the information technology services provider’s stock valued at $11,750,000 after purchasing an additional 17,849 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of CDW by 24.8% in the second quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 392 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in shares of CDW by 593.8% in the second quarter. Achmea Investment Management B.V. now owns 27,115 shares of the information technology services provider’s stock valued at $1,693,000 after purchasing an additional 23,207 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in shares of CDW by 2.1% in the third quarter. Nationwide Fund Advisors now owns 270,818 shares of the information technology services provider’s stock valued at $17,874,000 after purchasing an additional 5,478 shares during the last quarter. Institutional investors and hedge funds own 90.77% 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.

Analyst Recommendations for CDW (NASDAQ:CDW)

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