CDW (NASDAQ:CDW) had its price target increased by Needham & Company LLC from $78.00 to $82.00 in a research report sent to investors on Thursday, MarketBeat reports. They currently have a buy rating on the information technology services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Robert W. Baird reissued a buy rating and issued a $80.00 price target on shares of CDW in a research note on Wednesday, February 7th. BidaskClub raised shares of CDW from a hold rating to a buy rating in a research note on Monday, February 5th. ValuEngine upgraded shares of CDW from a hold rating to a buy rating in a report on Friday, February 2nd. Royal Bank of Canada restated a buy rating and issued a $80.00 price objective on shares of CDW in a report on Monday, January 15th. Finally, Morgan Stanley dropped their price objective on shares of CDW from $72.00 to $70.00 and set an equal weight rating for the company in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $75.78.
CDW stock opened at $69.91 on Thursday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.16 and a current ratio of 1.34. CDW has a 52 week low of $55.80 and a 52 week high of $76.73. The company has a market cap of $10,655.89, a PE ratio of 18.84 and a beta of 1.06.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, February 23rd. CDW’s dividend payout ratio (DPR) is presently 25.23%.
In other news, insider Neal J. Campbell sold 3,805 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $75.36, for a total value of $286,744.80. Following the completion of the transaction, the insider now owns 35,829 shares in the company, valued at approximately $2,700,073.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christina M. Corley sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $67.81, for a total transaction of $271,240.00. Following the completion of the transaction, the insider now owns 35,843 shares of the company’s stock, valued at approximately $2,430,513.83. The disclosure for this sale can be found here. Insiders have sold a total of 54,812 shares of company stock valued at $3,952,269 in the last quarter. 2.60% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its holdings in shares of CDW by 5.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 49,734 shares of the information technology services provider’s stock valued at $3,456,000 after buying an additional 2,533 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of CDW by 1.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 122,989 shares of the information technology services provider’s stock valued at $8,546,000 after buying an additional 1,604 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of CDW by 7.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,650 shares of the information technology services provider’s stock valued at $4,632,000 after buying an additional 4,658 shares in the last quarter. Banco de Sabadell S.A acquired a new position in shares of CDW in the 4th quarter valued at $3,101,000. Finally, Makaira Partners LLC boosted its holdings in shares of CDW by 6.1% in the 4th quarter. Makaira Partners LLC now owns 1,996,750 shares of the information technology services provider’s stock valued at $138,754,000 after buying an additional 113,950 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.
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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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