Inscription Capital LLC grew its holdings in CDW Corporation (NASDAQ:CDW – Free Report) by 679.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,631 shares of the information technology services provider’s stock after acquiring an additional 12,754 shares during the quarter. Inscription Capital LLC’s holdings in CDW were worth $1,875,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in CDW by 2,474.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 146,497 shares of the information technology services provider’s stock worth $18,775,000 after purchasing an additional 140,807 shares in the last quarter. Covestor Ltd raised its holdings in CDW by 9.0% during the 3rd quarter. Covestor Ltd now owns 1,076 shares of the information technology services provider’s stock worth $138,000 after buying an additional 89 shares during the period. Pzena Investment Management LLC raised its holdings in CDW by 27.1% during the 3rd quarter. Pzena Investment Management LLC now owns 3,353,465 shares of the information technology services provider’s stock worth $429,780,000 after buying an additional 714,565 shares during the period. Rakuten Investment Management Inc. lifted its stake in CDW by 8.2% in the third quarter. Rakuten Investment Management Inc. now owns 22,617 shares of the information technology services provider’s stock valued at $2,934,000 after buying an additional 1,709 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in CDW in the third quarter valued at approximately $4,143,000. Institutional investors and hedge funds own 93.15% of the company’s stock.
CDW Trading Down 6.1%
Shares of NASDAQ:CDW opened at $158.39 on Friday. The company’s 50-day moving average price is $148.57 and its two-hundred day moving average price is $133.60. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.26 and a quick ratio of 1.05. CDW Corporation has a one year low of $97.12 and a one year high of $172.47. The stock has a market capitalization of $19.80 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.
CDW (NASDAQ:CDW – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.28. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.19 billion. CDW had a net margin of 4.48% and a return on equity of 52.23%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.71 EPS. On average, equities analysts forecast that CDW Corporation will post 10.33 EPS for the current fiscal year.
CDW Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 25th. This is a boost from CDW’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 1.7%. CDW’s dividend payout ratio is currently 30.29%.
Key CDW News
Here are the key news stories impacting CDW this week:
- Positive Sentiment: CDW reported third-quarter adjusted earnings of $3.26 per share and revenue of $6.75 billion, topping analyst estimates; revenue grew 17.7% year over year. Reports attributed strength to AI infrastructure demand and broader customer demand. Article: CDW Stock Jumps as AI Infrastructure Demand Drives Q3 Beat
- Positive Sentiment: Management’s outlook pointed to low-double-digit 2026 non-GAAP EPS growth and mid- to high-single-digit gross-profit growth, supporting expectations for continued earnings momentum. Article: CDW Signals 2026 EPS Growth and Raises Gross Profit Outlook
- Positive Sentiment: UBS and JPMorgan raised their price targets to $195, with buy and overweight ratings, respectively. Northcoast lifted its target to $204, adding to the favorable analyst sentiment. Article: Northcoast Raises CDW Price Target
- Positive Sentiment: CDW increased its quarterly dividend 7.9% to $0.68 per share, signaling a higher cash return to shareholders. Article: CDW Raises Quarterly Dividend
- Neutral Sentiment: Citigroup raised its target to $170 but maintained a neutral rating, suggesting more measured expectations than the bullish analyst calls. Article: Citi Raises CDW Price Target
- Negative Sentiment: Coverage flagged margin compression and rising expenses despite the sales growth; another report also cautioned that rising debt and shrinking margins complicate the dividend-growth story. These concerns may have weighed on shares after the post-earnings surge. Article: CDW Q3 Earnings Beat Despite Margin Compression
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CDW. Weiss Ratings upgraded shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Citigroup raised their price objective on shares of CDW from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group boosted their price objective on shares of CDW from $159.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays reduced their target price on shares of CDW from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.38.
CDW Profile
CDW Corporation (NASDAQ: CDW) is a provider of technology products and services for business, government, education and healthcare organizations. The company helps customers plan, procure, implement and manage information technology solutions from leading hardware, software and cloud vendors.
Its offerings include computers, servers, networking equipment, data-storage systems, cybersecurity products, collaboration tools, software licensing and cloud solutions. CDW also provides professional and managed services, including technology consulting, infrastructure deployment, cloud management, security support and lifecycle services.
Founded in 1984 as Computer Discount Warehouse, CDW serves customers primarily in the United States, Canada and the United Kingdom through sales teams, digital channels and technology partnerships.
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