CDW (NASDAQ:CDW) had its price objective boosted by Morgan Stanley from $97.00 to $106.00 in a research note released on Friday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the information technology services provider’s stock.

CDW has been the subject of a number of other research reports. Northcoast Research restated a buy rating on shares of MarineMax in a research note on Friday, April 26th. Deutsche Bank set a $60.00 target price on Taubman Centers and gave the company a hold rating in a research note on Tuesday, June 11th. Credit Suisse Group raised their target price on Delta Air Lines from $37.00 to $68.00 and gave the company an outperform rating in a research note on Thursday, April 11th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus set a $80.00 target price on CSX and gave the company a hold rating in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $112.29.

Shares of CDW stock traded up $0.23 during trading hours on Friday, reaching $114.44. The company’s stock had a trading volume of 418,445 shares, compared to its average volume of 774,733. The company has a market capitalization of $16.68 billion, a PE ratio of 22.44 and a beta of 1.11. CDW has a one year low of $74.32 and a one year high of $116.47. The business’s fifty day moving average is $110.33. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.29 and a quick ratio of 1.10.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.77 billion. CDW had a return on equity of 77.94% and a net margin of 4.03%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Analysts expect that CDW will post 5.54 earnings per share for the current year.

In other CDW news, insider Thomas E. Richards sold 66,667 shares of CDW stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $105.31, for a total transaction of $7,020,701.77. Following the completion of the transaction, the insider now owns 644,443 shares in the company, valued at $67,866,292.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert F. Kirby sold 1,300 shares of CDW stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $102.86, for a total value of $133,718.00. Following the transaction, the insider now owns 37,670 shares of the company’s stock, valued at approximately $3,874,736.20. The disclosure for this sale can be found here. Insiders have sold 139,534 shares of company stock valued at $14,332,814 in the last quarter. 2.25% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Commonwealth Bank of Australia increased its holdings in shares of CDW by 0.6% in the 1st quarter. Commonwealth Bank of Australia now owns 15,888 shares of the information technology services provider’s stock worth $1,526,000 after purchasing an additional 100 shares in the last quarter. First National Bank of Omaha increased its holdings in shares of CDW by 0.3% in the 2nd quarter. First National Bank of Omaha now owns 50,460 shares of the information technology services provider’s stock worth $5,601,000 after purchasing an additional 130 shares in the last quarter. Creative Planning increased its holdings in shares of CDW by 4.6% in the 2nd quarter. Creative Planning now owns 2,946 shares of the information technology services provider’s stock worth $327,000 after purchasing an additional 130 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of CDW by 3.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,372 shares of the information technology services provider’s stock worth $485,000 after purchasing an additional 138 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of CDW by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,903 shares of the information technology services provider’s stock worth $397,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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Analyst Recommendations for CDW (NASDAQ:CDW)

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