A number of other research analysts also recently weighed in on CDW. Credit Suisse Group initiated coverage on shares of CDW in a research report on Thursday, April 11th. They issued an outperform rating and a $117.00 target price for the company. ValuEngine raised shares of CDW from a hold rating to a buy rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research downgraded shares of CDW from a buy rating to a hold rating in a research report on Tuesday, January 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $97.17.
Shares of CDW stock opened at $107.68 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.35 and a debt-to-equity ratio of 3.26. CDW has a 12-month low of $69.97 and a 12-month high of $108.57. The firm has a market cap of $15.88 billion, a PE ratio of 21.11 and a beta of 1.05.
CDW (NASDAQ:CDW) last issued its quarterly earnings data on Thursday, February 7th. The information technology services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.11. CDW had a net margin of 3.96% and a return on equity of 74.63%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that CDW will post 5.43 EPS for the current fiscal year.
In other news, insider Christina M. Corley sold 14,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $92.44, for a total value of $1,377,356.00. Following the transaction, the insider now owns 50,684 shares in the company, valued at approximately $4,685,228.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christina M. Corley sold 3,567 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $96.70, for a total transaction of $344,928.90. Following the transaction, the insider now owns 643,052 shares in the company, valued at approximately $62,183,128.40. The disclosure for this sale can be found here. Insiders have sold a total of 82,827 shares of company stock worth $7,563,036 over the last ninety days. 2.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ropes Wealth Advisors LLC lifted its position in CDW by 8.0% during the first quarter. Ropes Wealth Advisors LLC now owns 5,302 shares of the information technology services provider’s stock valued at $511,000 after buying an additional 392 shares during the period. Virtu Financial LLC grew its stake in shares of CDW by 10.6% during the 1st quarter. Virtu Financial LLC now owns 5,625 shares of the information technology services provider’s stock valued at $542,000 after purchasing an additional 540 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of CDW during the 1st quarter valued at about $474,000. Biltmore Family Office LLC purchased a new position in shares of CDW during the 1st quarter valued at about $223,000. Finally, Nachman Norwood & Parrott Inc purchased a new position in shares of CDW during the 1st quarter valued at about $233,000. Hedge funds and other institutional investors own 91.05% of the company’s stock.
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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