<div id="readability-page-1"><p>CDW Co. (NASDAQ:CDW - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 3,820,000 shares, a growth of 16.5% from the July 15th total of 3,280,000 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 943,000 shares, the days-to-cover ratio is presently 4.1 days.</p><h2>Wall Street Analyst Weigh In</h2><ul><li>5 Ways to Play Retail that will Profit in 2023</li></ul><p>Several analysts have recently weighed in on CDW shares. Citigroup lowered their price objective on shares of CDW from $295.00 to $260.00 and set a &#34;buy&#34; rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase &amp; Co. lowered their price target on CDW from $280.00 to $265.00 and set an &#34;overweight&#34; rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price objective on CDW from $232.00 to $229.00 and set an &#34;equal weight&#34; rating for the company in a report on Thursday, August 1st. Northcoast Research raised CDW from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $270.00 price objective on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus boosted their target price on CDW from $250.00 to $260.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of &#34;Moderate Buy&#34; and an average price target of $254.63.</p><p><b>Read Our Latest Research Report on CDW</b></p><h2>CDW Trading Up 0.4 %</h2><ul><li>Retail Theft Rises: Two Ways For Investors To Beat Shrinkage</li></ul><p>CDW stock traded up $0.89 during midday trading on Friday, hitting $222.76. The company had a trading volume of 2,287,028 shares, compared to its average volume of 828,968. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.03. CDW has a 52 week low of $185.04 and a 52 week high of $263.37. The stock's 50 day moving average price is $223.32 and its 200 day moving average price is $233.32. The stock has a market cap of $29.94 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.17 and a beta of 1.04. </p><p>CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.39 by ($0.05). The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.43 billion. CDW had a net margin of 5.29% and a return on equity of 62.22%. CDW's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. As a group, equities research analysts expect that CDW will post 9.6 earnings per share for the current fiscal year. </p><h2>CDW Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 26th will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.11%. CDW's dividend payout ratio is presently 30.96%. </p><h2>Insider Buying and Selling at CDW</h2><p>In related news, insider Sona Chawla sold 18,437 shares of the company's stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the sale, the insider now owns 22,428 shares of the company's stock, valued at approximately $5,392,812.60. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. In related news, insider Sona Chawla sold 18,437 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total transaction of $4,433,176.65. Following the completion of the transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christine A. Leahy purchased 1,200 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $216.15 per share, for a total transaction of $259,380.00. Following the acquisition, the insider now owns 102,200 shares in the company, valued at $22,090,530. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock. </p><h2>Institutional Trading of CDW</h2><p>Several large investors have recently added to or reduced their stakes in CDW. International Assets Investment Management LLC bought a new position in shares of CDW in the 4th quarter worth approximately $65,240,000. Cerity Partners LLC lifted its position in CDW by 44.9% during the fourth quarter. Cerity Partners LLC now owns 14,553 shares of the information technology services provider's stock valued at $3,308,000 after buying an additional 4,511 shares during the period. Simplicity Solutions LLC boosted its holdings in shares of CDW by 2.3% during the 4th quarter. Simplicity Solutions LLC now owns 2,907 shares of the information technology services provider's stock valued at $661,000 after buying an additional 65 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of CDW by 8.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 348,384 shares of the information technology services provider's stock worth $79,195,000 after buying an additional 26,529 shares during the period. Finally, Capital Analysts LLC lifted its position in CDW by 21.2% during the 4th quarter. Capital Analysts LLC now owns 406 shares of the information technology services provider's stock valued at $93,000 after acquiring an additional 71 shares during the period. Institutional investors own 93.15% of the company's stock. </p><h2>About CDW</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than CDW</li><li>Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed</li><li>This Small Cap Wealth Management Stock Could Provide Big Returns</li><li>How Technical Indicators Can Help You Find Oversold Stocks </li><li>Bumble's Valuation Hits an All-Time Low, Can Its Fortunes Change?</li><li>What Is WallStreetBets and What Stocks Are They Targeting?</li><li>MarketBeat Week in Review – 8/12 - 8/16</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Exposed: 3 CENT Crypto to Explode August 19th? <span><span>(From True Market Insiders)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04ODk5?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04ODk5"/></p><h2>Should you invest $1,000 in CDW right now?</h2><p>Before you consider CDW, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CDW wasn't on the list.</p><p>While CDW currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

<p>CDW Co. (NASDAQ:CDW) experienced a notable increase of 16.5% in short interest, reaching 3,820,000 shares as of July 31st. This accounts for 2.9% of the company's shares sold short, with a days-to-cover ratio of 4.1 days. Analysts have a "Moderate Buy" average rating on CDW, with various ratings reflecting recent price target adjustments. The company reported Q2 earnings of $0.34 per share, below estimates, with revenue of $4.42 billion. A quarterly dividend of $0.62 per share will be paid on September 10th. Insider sales also occurred, totaling over $433,000.</p>

CDW Co. (NASDAQ:CDW) Short Interest Update