CDW (CDW) – Research Analysts’ Weekly Ratings Changes

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CDW (NASDAQ: CDW) recently received a number of ratings updates from brokerages and research firms:

  • 8/6/2019 – CDW was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “CDW reported second-quarter 2019 results wherein both earnings and revenues surpassed estimates and increased year over year. The company’s balanced portfolio of customer end-markets and the breadth of its product and solutions pipeline are key drivers. It is witnessing a solid uptick across hardware, software and services. Strength in corporate and government is aided by the device refresh cycle. Moreover, the buyout of Scalar Decisions is boosting growth in Canada. Shares have outperformed the industry in the year-to-date period. However, the company’s high debt load, currency headwind and an intensifying competition are major challenges. Further, declines in both enterprise storage and servers might dampen data center hardware performance.”
  • 8/5/2019 – CDW was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $116.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/1/2019 – CDW had its price target raised by analysts at Credit Suisse Group AG from $118.00 to $132.00. They now have an “outperform” rating on the stock.
  • 8/1/2019 – CDW was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/30/2019 – CDW is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $140.00 price target on the stock.
  • 7/26/2019 – CDW had its price target raised by analysts at Morgan Stanley from $97.00 to $106.00. They now have an “equal weight” rating on the stock.
  • 7/2/2019 – CDW was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of CDW stock traded up $0.75 on Thursday, hitting $116.63. The company’s stock had a trading volume of 13,322 shares, compared to its average volume of 769,945. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.28 and a quick ratio of 1.09. CDW has a fifty-two week low of $74.32 and a fifty-two week high of $120.82. The firm’s fifty day moving average price is $113.54 and its 200-day moving average price is $103.97. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.55 and a beta of 1.10.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, July 31st. The information technology services provider reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.10. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.50 billion. CDW had a net margin of 4.07% and a return on equity of 82.78%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Analysts predict that CDW will post 5.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.18 annualized dividend and a dividend yield of 1.01%. CDW’s payout ratio is 23.14%.

In other news, insider Collin B. Kebo sold 3,600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $106.72, for a total transaction of $384,192.00. Following the transaction, the insider now owns 18,752 shares in the company, valued at approximately $2,001,213.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Richards sold 66,667 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $105.31, for a total transaction of $7,020,701.77. Following the transaction, the insider now owns 644,443 shares in the company, valued at approximately $67,866,292.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,374 shares of company stock worth $21,721,725. Insiders own 2.25% of the company’s stock.

Large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia grew its stake in CDW by 0.6% during the first quarter. Commonwealth Bank of Australia now owns 15,888 shares of the information technology services provider’s stock worth $1,526,000 after buying an additional 100 shares during the last quarter. One Wealth Advisors LLC grew its stake in CDW by 3.5% during the second quarter. One Wealth Advisors LLC now owns 3,652 shares of the information technology services provider’s stock worth $405,000 after buying an additional 125 shares during the last quarter. First National Bank of Omaha grew its stake in CDW by 0.3% during the second quarter. First National Bank of Omaha now owns 50,460 shares of the information technology services provider’s stock worth $5,601,000 after buying an additional 130 shares during the last quarter. Creative Planning grew its stake in CDW by 4.6% during the second quarter. Creative Planning now owns 2,946 shares of the information technology services provider’s stock worth $327,000 after buying an additional 130 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in CDW by 3.3% during the second quarter. Raymond James Trust N.A. now owns 4,372 shares of the information technology services provider’s stock worth $485,000 after buying an additional 138 shares during the last quarter. Institutional investors own 92.69% 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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