Several hedge funds and institutional investors have recently changed their shares in CDW. RDA Financial Network increased its stake by 3.0%, owning 1,587 shares valued at $355,000. Tokio Marine Asset Management raised its position by 1.4%, now holding 3,446 shares worth $881,000. Oregon Public Employees Retirement Fund grew its stake by 0.5%, with 11,541 shares valued at $2,583,000. Smithfield Trust Co also boosted its holdings by 4.1%, owning 1,434 shares worth $367,000. Lastly, Profund Advisors LLC increased its stake by 0.5% to 12,469 shares valued at $2,791,000. Overall, 93.15% of CDW stock is held by institutional investors.
CDW Price Performance
CDW stock opened at $220.35. The market cap is $29.61 billion with a P/E ratio of 27.51. The stock has a 52-week range of $185.04 to $263.37. The 50-day moving average is $221.63 and the 200-day is $225.53. The quick ratio is 1.02, current ratio is 1.13, and debt-to-equity ratio is 2.03.
CDW (NASDAQ:CDW) reported earnings on July 31, with EPS of $2.34, falling short of the $2.39 estimate. Revenue was $5.42 billion, slightly below expectations. Year-over-year, EPS dropped from $2.43, and revenue fell by 3.6%. Analysts predict EPS will be 9.4 for the current year.
CDW Dividend Announcement
CDW announced a quarterly dividend of $0.62 per share paid on September 10. The annualized dividend is $2.48, giving a yield of 1.13%. The current payout ratio is 30.96%.
Wall Street Analysts Forecast Growth
Recent analyst reports include Citigroup downgrading CDW’s rating from “buy” to “neutral,” with a target price of $245. Barclays lowered their target from $232 to $229, while Stifel Nicolaus raised theirs from $250 to $260. Currently, there are three hold ratings and four buy ratings, with an average target price of $255.
Insider Activity
On August 1, insider Christine A. Leahy purchased 1,200 shares at an average cost of $216.15, totaling $259,380. After the purchase, she owns 102,200 shares worth $22,090,530. Insiders own 0.90% of CDW stock.
CDW Company Profile
CDW Corporation provides IT solutions in the U.S., U.K., and Canada, operating through corporate, small business, and public sectors. They offer hardware, software, and integrated IT solutions.
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