Fenimore Asset Management Inc buys $81,836,592 stake in CDW Corp (CDW)

CDW Corp (CDW) : Fenimore Asset Management Inc scooped up 120,204 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 1,997,476 shares of CDW Corp which is valued at $81,836,592.CDW Corp makes up approximately 3.93% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in CDW in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 85,932 shares of CDW Corp which is valued at $3,474,231. CDW Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

CDW Corp opened for trading at $41.38 and hit $41.67 on the upside on Monday, eventually ending the session at $41.36, with a gain of 0.27% or 0.11 points. The heightened volatility saw the trading volume jump to 7,46,000 shares. Company has a market cap of $6,850 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.

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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