CDW (NASDAQ:CDW) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other brokerages have also issued reports on CDW. Zacks Investment Research lowered shares of CDW from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CDW presently has an average rating of “Buy” and an average price target of $93.20.
Shares of CDW stock opened at $97.82 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.19. The stock has a market capitalization of $14.39 billion, a P/E ratio of 19.18 and a beta of 1.05. CDW has a 1 year low of $67.44 and a 1 year high of $97.82.
CDW (NASDAQ:CDW) last issued its quarterly earnings results 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. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.04 billion. CDW had a net margin of 3.96% and a return on equity of 74.63%. CDW’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Equities research analysts expect that CDW will post 5.43 earnings per share for the current fiscal year.
In other CDW news, insider Thomas E. Richards sold 18,750 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $79.95, for a total transaction of $1,499,062.50. Following the completion of the sale, the insider now directly owns 596,525 shares in the company, valued at approximately $47,692,173.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven W. Alesio sold 20,013 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $89.66, for a total transaction of $1,794,365.58. Following the sale, the director now owns 24,183 shares of the company’s stock, valued at $2,168,247.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,577 shares of company stock valued at $9,384,699. 2.60% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in CDW during the 4th quarter valued at about $117,816,000. Aspire Private Capital LLC bought a new stake in CDW during the 4th quarter valued at about $62,000. Lake Point Wealth Management bought a new stake in CDW during the 4th quarter valued at about $200,000. Nordea Investment Management AB boosted its holdings in shares of CDW by 3.1% during the 4th quarter. Nordea Investment Management AB now owns 7,405 shares of the information technology services provider’s stock valued at $600,000 after acquiring an additional 221 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of CDW by 41.5% during the 4th quarter. APG Asset Management N.V. now owns 84,843 shares of the information technology services provider’s stock valued at $6,015,000 after acquiring an additional 24,900 shares during the last quarter. Institutional investors and hedge funds own 89.10% 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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