Institutional investors and hedge funds have been very active in the CDW Corporation (CDW) stock in recent months. A significant purchase of CDW shares was made by Connectus Wealth LLC, a prominent player in the financial world, in the fourth quarter of 2017. This $1,453,000-or-so stake was an indication that Connectus Wealth LLC saw promise in the business’s performance.
In the first quarter of this year, Hartford Investment Management Co. also demonstrated its faith in CDW by growing its shares by 16.1%. Currently, the business has 11,839 shares of CDW stock, which is valued at approximately $2,307,000. Similar to this, Biltmore Family Office LLC got involved by investing about $210,000 in a new CDW share.
The Arizona State Retirement System and Hills Bank & Trust Co. are two further significant organisations that have boosted their holdings in CDW. During the first quarter, Arizona State Retirement System increased its stake by 2.8% and now owns 39,362 shares worth $7,671,000. Hills Bank & Trust Co raised its stake by 23.5% in the fourth quarter and now owns 3,465 shares worth $619,000 in the company.
Overall, it is clear that institutional investors and hedge funds control an astounding 94.73% of CDW’s shares, demonstrating their confidence in the company’s market potential.
In terms of CDW stock’s specific financial data, it opened at $201.28 on Friday, which was an intriguing development that attracted the attention of many market watchers. Furthermore, the 52-week range of CDW shows that it has seen both highs and lows during the last year, going from a low of $147.91 to a high of $215.00.
Additionally, studying CDW’s main financial measures might reveal information about the company’s general stability and financial health. With a $26.98 billion market value, CDW is a big player in the information technology services industry. The company’s price-to-earnings ratio, which measures its valuation in relation to earnings, is 25.61. Additionally, CDW’s price-to-earnings-growth ratio of 1.71 indicates that its stock may be cheap in comparison to its potential for future growth. Additionally, the company’s beta score is 1.10, indicating its susceptibility to changes in the market.
A deeper understanding of CDW’s financial situation can be gained by looking at its liquidity ratios. Both the quick ratio and the current ratio, which measure the company’s capacity to meet short-term commitments in relation to its current assets, are 1.14 and 1.30, respectively. Furthermore, it is clear that CDW largely relies on debt funding for development and operations given its 3.55 debt-to-equity ratio.
In other developments, CDW recently disclosed that its September 12th dividend payment to stockholders will be a quarterly dividend. The $0.59 dividend, which has an annualised dividend payout of $2.36 and a yield of 1.17%, will be paid to shareholders of record on Friday, August 25. Shareholders should be aware of their eligibility for this dividend payment as we get closer to Thursday, August 24th (the ex-dividend date).
In recent reports, a number of securities experts have offered their opinions on the prospects of the CDW company. On Thursday, August 17th, StockNews.com began coverage with a “hold” rating, giving a neutral outlook on the stock’s performance. In contrast, based on their research report that was released on Thursday, August 3rd, Raymond James increased their target price for CDW from $200.00 to $220.00 and gave the stock a “outperform” rating. In the meantime, Bank of America reduced their target price in a research note on Thursday, May 4th from $200.00 to $185.00, indicating a more pessimistic stance on the company. Initiated by Morgan Stanley,
In its research analysis, also released on Thursday, August 3rd, Credit Suisse took a positive tack by raising their target price to $230.00 and assigning CDW a “overweight” rating. Citigroup began its research study on Thursday, June 29th, with a “buy” rating and a target price of $250.00, adding to the favourable coverage.
It is important to note that CDW now has an average analyst recommendation of “Moderate Buy” and a consensus target price of $207.00, as per information gathered from Bloomberg.com.
It is evident from analysing recent CDW stock activity that institutional investors value this provider of information technology services. Their expanded roles and acquisitions support CDW’s prospects for expansion and financial success. Financial data also show stability and some potential for growth in the future.
Before making any investment decisions or evaluating the success of a firm, investors must, as with any other decision, carry out extensive due diligence and obtain information from reliable sources.