Rakuten Investment Management Inc. Takes $2.92 Million Position in CDW Corporation $CDW

Rakuten Investment Management Inc. bought a new stake in shares of CDW Corporation (NASDAQ:CDW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,908 shares of the information technology services provider’s stock, valued at approximately $2,923,000.

A number of other hedge funds have also recently bought and sold shares of CDW. Jones Financial Companies Lllp lifted its holdings in CDW by 316.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,896 shares of the information technology services provider’s stock valued at $785,000 after acquiring an additional 3,719 shares during the last quarter. Empowered Funds LLC grew its stake in shares of CDW by 1.2% in the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock worth $2,897,000 after purchasing an additional 216 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of CDW by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 225,709 shares of the information technology services provider’s stock worth $40,309,000 after purchasing an additional 1,242 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of CDW by 1,339.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 49,380 shares of the information technology services provider’s stock worth $8,819,000 after purchasing an additional 45,950 shares in the last quarter. Finally, State of Tennessee Department of Treasury raised its holdings in shares of CDW by 17.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 40,927 shares of the information technology services provider’s stock worth $7,309,000 after purchasing an additional 6,143 shares in the last quarter. 93.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CDW. Barclays cut their target price on shares of CDW from $144.00 to $123.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. UBS Group dropped their price target on CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Royal Bank Of Canada upgraded CDW to an “outperform” rating and set a $130.00 price objective for the company in a research report on Wednesday, May 27th. Citigroup raised their price objective on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Raymond James Financial set a $150.00 target price on CDW in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

More CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Zacks Research raised its estimates for several periods, including Q3 and Q4 2026 EPS to $2.73 and $2.62, respectively, from $2.70 and $2.54. The firm also increased Q1 2027 EPS to $2.34, Q2 2027 to $2.53, and Q3 2027 to $2.89.
• Positive Sentiment: Longer-term earnings expectations improved: FY2027 EPS was raised to $11.48 from $10.85, Q4 2027 EPS to $3.72 from $3.66, and FY2028 EPS to $12.72 from $11.93. These revisions suggest analysts see stronger future profitability for the information technology services provider.
• Neutral Sentiment: Zacks’ FY2026 EPS forecast increased to $10.25 from $10.02, broadly in line with the current consensus estimate of $10.28. The firm maintained its FY2028 Q2 estimate at $2.53.
• Negative Sentiment: Zacks Research cut its Q2 2028 EPS forecast to $2.53 from $2.86. The sizable downward revision introduces concern about uneven earnings growth and may be outweighing the upgrades to other periods.

CDW Price Performance

NASDAQ CDW opened at $147.69 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. CDW Corporation has a 1 year low of $97.12 and a 1 year high of $171.55. The company has a market cap of $18.46 billion, a PE ratio of 17.75, a PEG ratio of 1.94 and a beta of 0.96. The stock’s 50-day moving average price is $137.73 and its two-hundred day moving average price is $128.56.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.80 by $0.11. The company had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company posted $2.60 earnings per share. On average, analysts predict that CDW Corporation will post 10.33 EPS for the current year.

CDW Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, August 25th. CDW’s dividend payout ratio is 30.29%.

Insider Buying and Selling

In related news, insider Elizabeth H. Connelly sold 26,695 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the transaction, the insider owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

About CDW

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.