In yesterday’s Wall Street session, CDW Corporation (NASDAQ:CDW) shares traded at $197.62, up 1.42% from the previous session.
As of this writing, 12 analysts cover CDW Corporation (NASDAQ:CDW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $240.00 and a low of $200.00, we find $210.00. Given the previous closing price of $194.85, this indicates a potential upside of 7.78 percent. CDW stock price is now 7.82% away from the 50-day moving average and 14.57% away from the 200-day moving average. The market capitalization of the company currently stands at $26.56B.
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There are 2 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $211.32 as their price target over the next twelve months.
With the price target of $202, Credit Suisse recently initiated with Outperform rating for CDW Corporation (NASDAQ: CDW). On July 14, 2022, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $200, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, MIRALLES ALBERT JOSEPH JR, insider bought 1,475 shares of the company’s stock on May 06. The stock was bought for $250,602 at an average price of $169.90. Upon completion of the transaction, the insider now directly owns 16,313 shares in the company, valued at $3.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06, See Remarks LEAHY CHRISTINE A bought 2,900 shares of the business’s stock. A total of $491,150 was incurred on buying the stock at an average price of $169.36. This leaves the insider owning 50,131 shares of the company worth $9.91 million. Insiders disposed of 26,015 shares of company stock worth roughly $5.14 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CDW stock. A new stake in CDW Corporation shares was purchased by VIRGINIA RETIREMENT SYSTEM during the first quarter worth $44,465,000. CORNERSTONE INVESTMENT PARTNERS, LLC invested $39,158,000 in shares of CDW during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in CDW Corporation valued at approximately $13,343,000. AZIMUTH CAPITAL MANAGEMENT LLC acquired a new stake in CDW for approximately $9,088,000. PEOPLE’S UNITED FINANCIAL, INC. purchased a new stake in CDW valued at around $8,521,000 in the second quarter. In total, there are 1,086 active investors with 97.20% ownership of the company’s stock.
Tuesday morning saw CDW Corporation (NASDAQ: CDW) opened at $195.15. During the past 12 months, CDW Corporation has had a low of $147.91 and a high of $199.77. As of last week, the company has a debt-to-equity ratio of 4.64, a current ratio of 1.30, and a quick ratio of 1.10. The fifty day moving average price for CDW is $183.29 and a two-hundred day moving average price translates $172.49 for the stock.
The latest earnings results from CDW Corporation (NASDAQ: CDW) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $2.49, beating analysts’ expectations of $2.42 by 0.07. This compares to $1.91 EPS in the same period last year. The net profit margin was 4.40% and return on equity was 103.50% for CDW. The company reported revenue of $6.22 billion for the quarter, compared to $5.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.27 percent. For the current quarter, analysts expect CDW to generate $6.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/09/2022. Investors who held shares on 11/25/2022 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 1.19% percent yield. There was an ex-dividend date of 11/23/2022 for this dividend. In terms of dividend payout ratio, CDW is presently at 19.50%.
CDW Corporation(CDW) Company Profile
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products comprise notebooks/mobile devices, network communications, desktop computers, video monitors, enterprise and data storage, and others; and software products consists of application suites, security, virtualization, operating systems, and network management. The company also provides advisory and design, software development, implementation, managed, professional, configuration, and telecom services, as well as warranties; mission critical software, systems, and network solutions; and implementation and installation, and repair services to its customers through various third-party service providers. It serves government, education, and healthcare customers; and small, medium, and large business customers. The company was founded in 1984 and is headquartered in Vernon Hills, Illinois.
