Dana Investment Advisors buys $40.6 Million stake in CDW Corp (CDW)

CDW Corp (CDW) : Dana Investment Advisors scooped up 73,586 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 981,577 shares of CDW Corp which is valued at $40.6 Million.CDW Corp makes up approximately 1.86% of Dana Investment Advisors’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in CDW by selling 900 shares or 40.91% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of CDW which is valued at $53,755.Blackrock Institutional Trust Company N.a. reduced its stake in CDW by selling 62,011 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 3,601,927 shares of CDW which is valued at $148.9 Million. CDW Corp makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Evercore Wealth Management reduced its stake in CDW by selling 325 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 8,240 shares of CDW which is valued at $333,885. CDW Corp makes up approx 0.01% of Evercore Wealth Management’s portfolio. Quantitative Investment Management sold out all of its stake in CDW during the most recent quarter. The investment firm sold 15,900 shares of CDW which is valued $644,268.Russell Frank Co reduced its stake in CDW by selling 74,516 shares or 66.53% in the most recent quarter. The Hedge Fund company now holds 37,483 shares of CDW which is valued at $1.4 Million.

CDW Corp opened for trading at $42.31 and hit $43 on the upside on Friday, eventually ending the session at $42.69, with a gain of 1.14% or 0.48 points. The heightened volatility saw the trading volume jump to 6,57,020 shares. Company has a market cap of $7,069,848 M.

On the company’s financial health, CDW Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $3116.70 million for the quarter, compared to analysts expectations of $3101.21 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Investors should note that on May 4, 2016, CDW Corp announced a cash dividend of $0.1075. The company’s management has announced May 23, 2016 as the ex-dividend date and fixed the record date on May 25, 2016. The payable date has been fixed on Jun 10, 2016.

Many Wall Street Analysts have commented on CDW Corp. CDW Corp was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility security data center optimization cloud computing virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments CDW Advanced Services Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively its vendor partners) whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250000 small medium and large business government education and healthcare customers by delivering solutions to their IT needs.

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