CDW (NASDAQ:CDW) Sets New 12-Month Low – Should You Sell?

Shares of CDW Co. (NASDAQ:CDW) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $167.98 and last traded at $168.99, with a volume of 464866 shares. The stock had previously closed at $172.59.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group dropped their price objective on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Redburn Atlantic began coverage on shares of CDW in a research report on Friday, November 15th. They issued a “buy” rating and a $230.00 target price on the stock. Morgan Stanley raised their price target on shares of CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Barclays raised their price target on shares of CDW from $201.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and an average price target of $242.67.

CDW Stock Down 3.1 %

The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 3.21 and a beta of 1.01. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. The business has a fifty day moving average of $186.57 and a 200 day moving average of $197.93.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%. As a group, equities analysts predict that CDW Co. will post 9.41 earnings per share for the current year.

CDW Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, February 25th. CDW’s payout ratio is 31.37%.

CDW declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 5th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On CDW

Several large investors have recently modified their holdings of CDW. Orion Capital Management LLC acquired a new stake in shares of CDW in the 4th quarter worth approximately $30,000. Allworth Financial LP boosted its holdings in CDW by 39.7% in the 4th quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 52 shares during the period. OFI Invest Asset Management acquired a new position in shares of CDW in the 4th quarter valued at approximately $32,000. Ashton Thomas Securities LLC acquired a new position in shares of CDW in the 3rd quarter worth approximately $43,000. Finally, Parkside Financial Bank & Trust increased its position in CDW by 38.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock worth $36,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.