The stock of CDW Corp (NASDAQ:CDW) reached all time high today, Nov, 14 and still has $73.51 target or 52.00% above today’s $48.36 share price. This indicates more upside for the $8.11B company. This technical setup was reported by Barchart.com. If the $73.51 PT is reached, the company will be worth $4.22B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 706,490 shares traded hands or 7.82% up from the average. CDW Corp (NASDAQ:CDW) has risen 11.67% since April 12, 2016 and is uptrending. It has outperformed by 6.69% the S&P500.
CDW Corp (NASDAQ:CDW) Ratings Coverage
Out of 8 analysts covering CDW (NASDAQ:CDW), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. CDW has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, November 5 by Needham. RBC Capital Markets maintained it with “Outperform” rating and $51 target price in Thursday, November 5 report. The stock of CDW Corp (NASDAQ:CDW) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 13. The stock has “Buy” rating given by Raymond James on Tuesday, August 4. On Wednesday, October 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Market Perform” rating given on Monday, April 25 by Raymond James. On Wednesday, October 14 the stock rating was initiated by Barclays Capital with “Overweight”. The stock of CDW Corp (NASDAQ:CDW) earned “Buy” rating by Goldman Sachs on Tuesday, December 1. The rating was maintained by Deutsche Bank on Thursday, August 4 with “Buy”. The rating was upgraded by Zacks on Thursday, August 6 to “Hold”.
According to Zacks Investment Research, “CDW Corporation offers information technology products and services to business, government, education and healthcare customers primarily in the United States and Canada. Its hardware products comprise network communications, notebooks/mobile devices, data storage, video monitors, printers, desktops and servers as well as NetComm products. The company’s software services include licensing, licensing management, software solutions and services. In addition, it offers configuration services which include virtualization, collaboration, security, mobility, data centre optimization and cloud computing. CDW Corporation is headquartered in Vernon Hills, Illinois.”
Insitutional Activity: The institutional sentiment increased to 1.68 in 2016 Q2. Its up 0.71, from 0.97 in 2016Q1. The ratio increased, as 30 funds sold all CDW Corp shares owned while 80 reduced positions. 61 funds bought stakes while 124 increased positions. They now own 144.07 million shares or 2.45% more from 140.62 million shares in 2016Q1.
Moreover, First Mercantile Trust has 0.01% invested in CDW Corp (NASDAQ:CDW) for 1,500 shares. Globeflex Lp has 0% invested in the company for 21 shares. Sandhill Cap Ptnrs Ltd Liability Company holds 4.9% of its portfolio in CDW Corp (NASDAQ:CDW) for 390,261 shares. Caisse De Depot Et Placement Du Quebec reported 90,600 shares or 0.01% of all its holdings. Reliance Trust Of Delaware holds 10,211 shares or 0.03% of its portfolio. State Street Corporation holds 2.54M shares or 0.01% of its portfolio. Rhumbline Advisers has 0.02% invested in the company for 146,711 shares. Columbia Wanger Asset Mgmt Limited Co holds 0.74% or 1.59 million shares in its portfolio. Citigroup holds 0% of its portfolio in CDW Corp (NASDAQ:CDW) for 24,022 shares. Polaris Greystone Limited Com has 1.92% invested in the company for 308,035 shares. Diversified Trust Communications holds 23,277 shares or 0.11% of its portfolio. United Financial Advisers Limited Com, a California-based fund reported 23,553 shares. Mizuho And Bk Company accumulated 247,067 shares or 0.03% of the stock. General reported 185,369 shares or 0.04% of all its holdings. Thrivent For Lutherans holds 60,130 shares or 0.01% of its portfolio.
Insider Transactions: Since November 3, 2016, the stock had 0 insider buys, and 1 sale for $3.52 million net activity. 80,000 CDW Corp (NASDAQ:CDW) shares with value of $3.52M were sold by ECKROTE DOUGLAS E.
More news for CDW Corp (NASDAQ:CDW) were recently published by: Zacks.com, which released: “CDW Corp. (CDW) Q3 Earnings: Will it Pull Off a Surprise?” on October 31, 2016. Reuters.com‘s article titled: “BRIEF-CDW Corp says enters amendment and restatement of a loan facility” and published on August 18, 2016 is yet another important article.
CDW Company Profile
CDW Corporation (CDW), incorporated on May 25, 2007, is a well-known provider of integrated information technology (IT) solutions in the United States and Canada. The Company’s divisions include Corporate, Public and Other. The Corporate segment consists of private sector business clients in the United States. The Corporate segment is divided into a medium/large business customer channel, serving clients with approximately 100 employees and a small business customer channel, serving clients with over 100 employees. The Public segment consists of government agencies and education and healthcare institutions in the United States. The Other segment includes CDW Advanced Services, Canada and Kelway. The CDW Advanced Services business consists of customized engineering services delivered by technology specialists and engineers, and managed services that include infrastructure as a service (IaaS) offerings. The Firm has centralized logistics and headquarters functions that provide services to the divisions. The logistics function includes purchasing, distribution and fulfillment services to support both the Corporate and Public divisions. The centralized headquarters function provides services in areas, such as accounting, information technology, marketing, legal and coworker services.
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