Brighton Jones LLC grew its position in CDW Corporation (NASDAQ:CDW – Free Report) by 710.7% during the 3rd quarter, Holdings Channel reports. The fund owned 23,429 shares of the information technology services provider’s stock after buying an additional 20,539 shares during the quarter. Brighton Jones LLC’s holdings in CDW were worth $3,003,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. boosted its holdings in CDW by 1,016.8% in the 3rd quarter. Ethic Inc. now owns 63,659 shares of the information technology services provider’s stock valued at $8,159,000 after purchasing an additional 57,959 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of CDW by 1.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 57,257 shares of the information technology services provider’s stock valued at $7,338,000 after buying an additional 797 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of CDW by 907.4% in the third quarter. Kestra Advisory Services LLC now owns 77,533 shares of the information technology services provider’s stock valued at $9,937,000 after buying an additional 69,837 shares in the last quarter. Inscription Capital LLC boosted its stake in shares of CDW by 679.5% in the third quarter. Inscription Capital LLC now owns 14,631 shares of the information technology services provider’s stock valued at $1,875,000 after buying an additional 12,754 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in CDW by 2,474.6% during the third quarter. Commonwealth Equity Services LLC now owns 146,497 shares of the information technology services provider’s stock worth $18,775,000 after acquiring an additional 140,807 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Weiss Ratings upgraded CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Morgan Stanley boosted their target price on shares of CDW from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group boosted their target price on shares of CDW from $159.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup upped their price target on shares of CDW from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of CDW from $170.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.38.
View Our Latest Stock Report on CDW
CDW Price Performance
Shares of NASDAQ:CDW opened at $157.00 on Monday. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.26 and a quick ratio of 1.15. The business’s 50 day simple moving average is $148.73 and its 200-day simple moving average is $133.76. CDW Corporation has a 12 month low of $97.12 and a 12 month high of $172.47.
CDW (NASDAQ:CDW – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.28. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.19 billion. CDW had a return on equity of 52.23% and a net margin of 4.48%. CDW’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the business posted $2.71 EPS. As a group, equities analysts forecast that CDW Corporation will post 10.33 earnings per share for the current fiscal year.
CDW Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. This is a positive change from CDW’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, November 25th. CDW’s dividend payout ratio is currently 29.40%.
Trending Headlines about CDW
Here are the key news stories impacting CDW this week:
- Positive Sentiment: Q3 results beat expectations. CDW reported adjusted EPS of $3.26 versus the $2.98 consensus and revenue of $6.75 billion versus $6.19 billion, with sales up 17.7% year over year. The company also raised its gross-profit outlook and signaled low-double-digit 2026 adjusted EPS growth. CDW sees double-digit growth in third quarter
- Positive Sentiment: Analysts raised price targets. JPMorgan and UBS moved their targets to $195, while Citigroup raised its target to $170 and maintained a neutral rating. Northcoast Research also raised its target, to $204. The upgrades reinforce optimism following the results. Citigroup target change
- Positive Sentiment: CDW increased its dividend. The quarterly payout rose 7.9% to $0.68 per share, signaling stronger shareholder returns. CDW dividend increase and risks
- Neutral Sentiment: Lovelytics acquisition adds a growth opportunity and investment cost. CDW acquired the data and analytics firm for $525 million; the deal may broaden its capabilities, but investors will assess integration and returns. Lovelytics sale to CDW
- Negative Sentiment: Financial and valuation risks remain. Commentary has flagged rising debt and shrinking margins, while questions about whether the shares already reflect strong results could limit upside. Evercore ISI also removed CDW from its TAP Outperform list. CDW valuation, results and Lovelytics deal
About CDW
CDW Corporation is a provider of information technology products and services to businesses, government agencies, educational institutions and healthcare organizations. The company helps customers select, purchase, implement and manage technology solutions.
Its offerings include computers and other hardware, software, cloud services, cybersecurity, networking, data center infrastructure and collaboration tools. CDW also provides consulting, integration and ongoing technology support, helping customers plan and operate their IT environments.
Founded in 1984 as Computer Discount Warehouse, the company later adopted the CDW name.
Featured Stories
- Five stocks we like better than CDW
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Want to see what other hedge funds are holding CDW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDW Corporation (NASDAQ:CDW – Free Report).
Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.
