20,908 Shares in CDW Corporation $CDW Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of CDW Corporation (NASDAQ:CDW) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 20,908 shares of the information technology services provider’s stock, valued at approximately $2,923,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of CDW by 20.5% in 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 period. Kendall Capital Management acquired a new stake in shares of CDW during the second quarter worth approximately $3,584,000. Pzena Investment Management LLC acquired a new stake in shares of CDW during the second quarter worth approximately $371,135,000. Fenimore Asset Management Inc grew its position in CDW by 0.8% during the fourth quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider’s stock valued at $156,707,000 after purchasing an additional 9,485 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in CDW during the first quarter valued at approximately $1,587,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Transactions at CDW

In related news, insider Elizabeth H. Connelly sold 26,695 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $137.62, for a total value of $3,673,765.90. Following the completion of the sale, the insider directly owned 34,215 shares in the company, valued at approximately $4,708,668.30. This represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CDW shares. Royal Bank Of Canada upgraded shares of CDW to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Wednesday, May 27th. Morgan Stanley boosted their price target on shares of CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of CDW from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. upgraded CDW from a “neutral” rating to an “overweight” rating and set a $130.00 price objective for the company in a report on Wednesday, May 27th. Finally, Raymond James Financial set a $150.00 price objective on CDW in a research report on Wednesday, May 6th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.00.

CDW Price Performance

Shares of CDW opened at $147.69 on Monday. The firm has a market cap of $18.46 billion, a PE ratio of 17.75, a PEG ratio of 1.94 and a beta of 0.96. The firm’s 50 day moving average price is $137.73 and its 200 day moving average price is $128.56. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.05 and a current ratio of 1.17. CDW Corporation has a twelve month low of $97.12 and a twelve month high of $171.55.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 EPS for the quarter, topping the consensus estimate of $2.80 by $0.11. CDW had a net margin of 4.60% and a return on equity of 50.61%. The company had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the previous year, the firm posted $2.60 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts expect that CDW Corporation will post 10.33 EPS for the current fiscal year.

CDW Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 payout ratio is presently 30.29%.

CDW Company Profile

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.