CDW (NASDAQ:CDW) Shares Gap Up – Here’s What Happened

Posted by Stanley Muller on Jun 23rd, 2026

Shares of CDW Corporation (NASDAQ:CDW – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $123.57, but opened at $127.38. CDW shares last traded at $130.0490, with a volume of 125,272 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CDW shares. UBS Group decreased their target price on shares of CDW from $162.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Citigroup cut their price target on shares of CDW from $150.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 price target on the stock in a report on Wednesday, May 27th. Weiss Ratings raised shares of CDW from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Wednesday, May 27th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.12.

Read Our Latest Stock Report on CDW

CDW Stock Up 5.3%

The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.16. The firm has a market cap of $16.62 billion, a PE ratio of 15.85, a PEG ratio of 1.72 and a beta of 1.00. The stock has a fifty day moving average price of $124.16 and a 200-day moving average price of $127.98.

CDW (NASDAQ:CDW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.28 EPS for the quarter, meeting the consensus estimate of $2.28. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.48 billion. CDW had a net margin of 4.70% and a return on equity of 49.67%. CDW’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.15 earnings per share. Research analysts expect that CDW Corporation will post 10.09 EPS for the current year.

CDW Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Monday, May 25th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 22nd. CDW’s dividend payout ratio (DPR) is currently 30.66%.

Insider Buying and Selling at CDW

In other CDW news, Director David W. Nelms bought 18,000 shares of CDW stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $111.43 per share, for a total transaction of $2,005,740.00. Following the acquisition, the director owned 51,025 shares of the company’s stock, valued at $5,685,715.75. The trade was a 54.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its stake 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. Root Financial Partners LLC grew its stake 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 in the last quarter. eCIO Inc. purchased a new stake in shares of CDW during the 4th quarter valued at about $61,000. Covestor Ltd raised its holdings in shares of CDW by 53.4% during the 4th quarter. Covestor Ltd now owns 741 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 258 shares during the period. Finally, American National Bank & Trust purchased a new stake in shares of CDW during the 4th quarter valued at about $110,000. 93.15% of the stock is owned by hedge funds and other institutional investors.

About CDW

(Get Free Report)

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.