Jefferies Financial Group Inc. bought a new stake in CDW Corporation (NASDAQ:CDW – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,500 shares of the information technology services provider’s stock, valued at approximately $914,000.
Several other hedge funds also recently modified their holdings of the business. BNP Paribas Financial Markets raised its stake in CDW by 20.5% during the 4th quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider’s stock valued at $38,812,000 after purchasing an additional 48,547 shares during the last quarter. Kendall Capital Management acquired a new stake in CDW during the second quarter worth about $3,584,000. Pzena Investment Management LLC acquired a new position in CDW in the 2nd quarter valued at approximately $371,135,000. Fenimore Asset Management Inc grew its holdings in shares of CDW by 0.8% during the 4th quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider’s stock worth $156,707,000 after purchasing an additional 9,485 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of CDW during the first quarter valued at approximately $1,587,000. 93.15% of the stock is owned by institutional investors.
CDW Stock Performance
CDW opened at $147.69 on Monday. CDW Corporation has a 1-year low of $97.12 and a 1-year high of $171.55. The stock has a market capitalization of $18.46 billion, a PE 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 firm has a 50-day moving average price of $137.73 and a two-hundred day moving average price of $128.56.
CDW Announces Dividend
The company also recently announced 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 25th. CDW’s dividend payout ratio (DPR) is 30.29%.
Insider Buying and Selling at CDW
In other news, insider Elizabeth H. Connelly sold 26,695 shares of the company’s stock in a transaction on Friday, August 7th. The stock was 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 of the company’s stock, valued at $4,708,668.30. This represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CDW. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price target on the stock in a report on Wednesday, May 27th. Raymond James Financial set a $150.00 price objective on shares of CDW in a research note on Wednesday, May 6th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Barclays reduced their target price on CDW from $144.00 to $123.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, Citigroup increased their price target on CDW from $123.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.00.
View Our Latest Research Report on CDW
CDW News Roundup
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.
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.
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