Analysts Set CDW Corporation (NASDAQ:CDW) PT at $147.00

Shares of CDW Corporation (NASDAQ:CDW) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $147.00.

Several analysts recently commented on CDW shares. JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada upgraded CDW to an “outperform” rating and set a $130.00 price target for the company in a research report on Wednesday, May 27th. Morgan Stanley increased their price target on CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, Citigroup increased their target price on shares of CDW from $123.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th.

More CDW News

Here are the key news stories impacting CDW this week:

• Positive Sentiment: AI-services acquisition strengthens growth strategy: CDW agreed to acquire Lovelytics, a data and AI services firm, for approximately $525 million. The deal is intended to expand CDW’s capabilities in data analytics, artificial intelligence and related consulting services, potentially increasing its exposure to customers investing in AI transformation. CDW Agrees to Acquire Lovelytics CDW To Acquire Lovelytics For Approximately $525 Million
• Positive Sentiment: Broader AI demand may support CDW: Coverage of CDW’s expanding AI expertise, along with articles discussing agentic AI adoption in K–12 IT departments and preparations by federal agencies for AI disruption, points to growing demand for AI implementation and support services across public-sector and enterprise customers. CDW Expands AI Expertise How Agentic AI Can Supplement K–12 IT Help Desks
• Positive Sentiment: Analyst sentiment remains constructive: CDW received a consensus “Moderate Buy” rating, while a Zacks review notes the stock’s strong performance since its latest earnings report. The previous quarter also featured earnings and revenue above consensus estimates, reinforcing the favorable backdrop. CDW Receives Consensus Moderate Buy Rating Why Is CDW Up Since Its Last Earnings Report?
• Negative Sentiment: Deal execution is the main risk: The roughly $525 million Lovelytics purchase increases CDW’s capital commitment and introduces integration risk. Investors will likely watch the transaction’s funding, timing and contribution to revenue and earnings before assigning greater value to the AI strategy. CDW To Acquire Lovelytics To Expand Data And AI Services

Insider Activity

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

Hedge Funds Weigh In On CDW

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of CDW by 48.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 268 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 87 shares during the period. HighTower Advisors LLC lifted its holdings in shares of CDW by 1.9% in the second quarter. HighTower Advisors LLC now owns 22,009 shares of the information technology services provider’s stock valued at $3,095,000 after buying an additional 419 shares during the period. California State Teachers Retirement System lifted its holdings in shares of CDW by 13,221.2% in the second quarter. California State Teachers Retirement System now owns 29,850,699 shares of the information technology services provider’s stock valued at $4,198,202,000 after buying an additional 29,626,614 shares during the period. Studio Investment Management LLC boosted its stake in CDW by 6.0% during the second quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 150 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in CDW by 6.9% during the second quarter. HB Wealth Management LLC now owns 6,896 shares of the information technology services provider’s stock valued at $970,000 after buying an additional 445 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

CDW Price Performance

NASDAQ CDW opened at $152.38 on Thursday. CDW has a 52 week low of $97.12 and a 52 week high of $171.55. 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 stock has a market cap of $19.05 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.00 and a beta of 0.95. The company has a 50-day moving average price of $139.96 and a two-hundred day moving average price of $129.24.

CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.80 by $0.11. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.21 billion. CDW had a net margin of 4.60% and a return on equity of 50.61%. CDW’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.60 earnings per share. Analysts forecast that CDW will post 10.33 EPS for the current year.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 25th. CDW’s dividend payout ratio is currently 30.29%.

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.