CDW Corporation (NASDAQ:CDW) shares traded 5.16% higher at $197.00 on Wall Street last session.
In accordance with the data, 13 analysts cover CDW Corporation (NASDAQ:CDW). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $235.00 and a low of $185.00, we find $215.50. Given the previous closing price of $187.33, this indicates a potential upside of 15.04 percent. CDW stock price is now 9.47% away from the 50-day moving average and 7.25% away from the 200-day moving average. The market capitalization of the company currently stands at $26.81B.
It has been rated a hold by 4 analysts and a buy by 8. Brokers who have rated the stock have averaged $213.36 as their price target over the next twelve months.
With the price target of $198, Barclays recently initiated with Equal Weight rating for CDW Corporation (NASDAQ: CDW).
In other news, LEAHY CHRISTINE A, insider bought 3,050 shares of the company’s stock on May 04. The stock was bought for $499,041 at an average price of $163.62. Upon completion of the transaction, the insider now directly owns 68,622 shares in the company, valued at $13.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, Director ZARCONE DONNA F sold 4,703 shares of the business’s stock. A total of $955,791 was realized by selling the stock at an average price of $203.23. This leaves the insider owning 18,058 shares of the company worth $3.56 million. Insiders disposed of 54,658 shares of company stock worth roughly $10.77 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 FINDLAY PARK PARTNERS LLP during the first quarter worth $125,318,000. WESTFIELD CAPITAL MANAGEMENT CO LP invested $63,950,000 in shares of CDW during the first quarter. In the first quarter, CLIO ASSET MANAGEMENT LLC acquired a new stake in CDW Corporation valued at approximately $15,190,000. TODD ASSET MANAGEMENT LLC acquired a new stake in CDW for approximately $9,259,000. BRIDGEWATER ASSOCIATES, LP purchased a new stake in CDW valued at around $8,392,000 in the second quarter.
CDW Corporation (NASDAQ: CDW) opened at $187.39 on Wednesday. During the past 12 months, CDW Corporation has had a low of $147.91 and a high of $215.00. As of last week, the company has a debt-to-equity ratio of 3.69, a current ratio of 1.30, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $30.94B, which is based on a 24.68 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for CDW is $180.44 and a two-hundred day moving average price translates $183.87 for the stock.
According to the Information Technology Services Company, earnings per share came in at $2.03, beating analysts’ expectations of $2 by 0.03. This compares to $1.83 EPS in the same period last year. The net profit margin was 4.80% and return on equity was 78.10% for CDW. The company reported revenue of $5.1 billion for the quarter, compared to $5.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.22 percent. For the current quarter, analysts expect CDW to generate $5.38B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/13/2023. Investors who held shares on 05/25/2023 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 1.20% percent yield. There was an ex-dividend date of 05/24/2023 for this dividend. In terms of dividend payout ratio, CDW is presently at 27.00%.
