KAMES CAPITAL plc Has $8.99 Million Holdings in CDW Corp (CDW)

KAMES CAPITAL plc lifted its position in shares of CDW Corp (NASDAQ:CDW) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,307 shares of the information technology services provider’s stock after acquiring an additional 24,157 shares during the period. KAMES CAPITAL plc’s holdings in CDW were worth $8,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in CDW. Financial Counselors Inc. increased its position in shares of CDW by 16.7% during the second quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 621 shares in the last quarter. Teachers Advisors LLC grew its position in CDW by 51.7% in the 2nd quarter. Teachers Advisors LLC now owns 368,646 shares of the information technology services provider’s stock worth $23,051,000 after purchasing an additional 125,701 shares during the period. TIAA CREF Investment Management LLC grew its position in CDW by 2.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 999,840 shares of the information technology services provider’s stock worth $62,520,000 after purchasing an additional 28,300 shares during the period. Ameriprise Financial Inc. grew its position in CDW by 7.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 197,811 shares of the information technology services provider’s stock worth $12,371,000 after purchasing an additional 14,442 shares during the period. Finally, Nationwide Fund Advisors grew its position in CDW by 152.7% in the 2nd quarter. Nationwide Fund Advisors now owns 265,340 shares of the information technology services provider’s stock worth $16,592,000 after purchasing an additional 160,340 shares during the period. 90.55% of the stock is owned by institutional investors.

CDW Corp (NASDAQ:CDW) opened at $72.88 on Friday. The firm has a market cap of $11,132.26, a price-to-earnings ratio of 20.55 and a beta of 1.06. CDW Corp has a one year low of $50.49 and a one year high of $74.01. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. CDW had a net margin of 2.90% and a return on equity of 62.71%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. equities research analysts forecast that CDW Corp will post 3.64 earnings per share for the current fiscal year.

In related news, insider Christina M. Corley sold 4,000 shares of CDW stock in a transaction on Monday, October 16th. The shares were sold at an average price of $67.95, for a total transaction of $271,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Neal J. Campbell sold 2,400 shares of CDW stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $68.22, for a total transaction of $163,728.00. Following the transaction, the insider now owns 28,479 shares in the company, valued at approximately $1,942,837.38. The disclosure for this sale can be found here. Insiders have sold a total of 105,524 shares of company stock worth $7,233,824 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

A number of research firms have commented on CDW. Morgan Stanley lifted their target price on shares of CDW from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $75.00 target price on shares of CDW in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of CDW from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays reaffirmed a “hold” rating and issued a $69.00 target price on shares of CDW in a research report on Sunday, November 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. CDW presently has a consensus rating of “Buy” and an average price target of $67.85.

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CDW Company Profile

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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