Jefferies Financial Group Inc. Takes Position in CDW Corporation $CDW

Jefferies Financial Group Inc. bought a new position in shares of CDW Corporation (NASDAQ:CDW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,500 shares of the information technology services provider’s stock, valued at approximately $914,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hollencrest Capital Management boosted its position in shares of CDW by 909.1% during the first quarter. Hollencrest Capital Management now owns 222 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in CDW during the 2nd quarter worth approximately $28,000. Keating Financial Advisory Services Inc. bought a new position in CDW in the second quarter valued at approximately $28,000. Root Financial Partners LLC boosted its holdings in shares of CDW by 54.7% in the first quarter. Root Financial Partners LLC now owns 263 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 93 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of CDW in the second quarter valued at approximately $51,000. 93.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CDW news, insider Elizabeth H. Connelly sold 26,695 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $137.62, for a total value of $3,673,765.90. Following the sale, the insider owned 34,215 shares in the company, valued at $4,708,668.30. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.82% of the stock is currently owned by company insiders.

Key Stories Impacting CDW

Here are the key news stories impacting CDW this week:

• Positive Sentiment: Zacks Research raised its estimates for several periods, including Q3 and Q4 2026 EPS to $2.73 and $2.62, respectively, from $2.70 and $2.54. The firm also increased Q1 2027 EPS to $2.34, Q2 2027 to $2.53, and Q3 2027 to $2.89.
• Positive Sentiment: Longer-term earnings expectations improved: FY2027 EPS was raised to $11.48 from $10.85, Q4 2027 EPS to $3.72 from $3.66, and FY2028 EPS to $12.72 from $11.93. These revisions suggest analysts see stronger future profitability for the information technology services provider.
• Neutral Sentiment: Zacks’ FY2026 EPS forecast increased to $10.25 from $10.02, broadly in line with the current consensus estimate of $10.28. The firm maintained its FY2028 Q2 estimate at $2.53.
• Negative Sentiment: Zacks Research cut its Q2 2028 EPS forecast to $2.53 from $2.86. The sizable downward revision introduces concern about uneven earnings growth and may be outweighing the upgrades to other periods.

CDW Price Performance

Shares of CDW opened at $147.69 on Monday. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.94 and a beta of 0.96. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 1.97. The company’s fifty day simple moving average is $137.73 and its 200 day simple moving average is $128.56. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $171.55.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.11. The company had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. On average, research analysts forecast that CDW Corporation will post 10.33 earnings per share for the current fiscal year.

CDW Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. CDW’s dividend payout ratio (DPR) is presently 30.29%.

Analysts Set New Price Targets

A number of brokerages recently commented on CDW. Morgan Stanley raised their price objective on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Barclays cut their target price on CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Raymond James Financial set a $150.00 price objective on shares of CDW in a report on Wednesday, May 6th. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 price target on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $147.00.

About CDW

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.