Horizon Investment Services Lowers stake in CDW Corp (CDW)

CDW Corp (CDW) : Horizon Investment Services reduced its stake in CDW Corp by 11.52% during the most recent quarter end. The investment management company now holds a total of 118,548 shares of CDW Corp which is valued at $5,369,039 after selling 15,441 shares in CDW Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CDW Corp makes up approximately 2.58% of Horizon Investment Services’s portfolio.

Other Hedge Funds, Including , Groesbeck Investment Management Corp Nj added CDW to its portfolio by purchasing 22,300 company shares during the most recent quarter which is valued at $1,009,967. CDW Corp makes up approx 0.70% of Groesbeck Investment Management Corp Nj’s portfolio.Boston Partners boosted its stake in CDW in the latest quarter, The investment management firm added 141,976 additional shares and now holds a total of 1,672,231 shares of CDW Corp which is valued at $74,798,893. CDW Corp makes up approx 0.10% of Boston Partners’s portfolio.Waverton Investment Management Ltd reduced its stake in CDW by selling 32,220 shares or 36.21% in the most recent quarter. The Hedge Fund company now holds 56,770 shares of CDW which is valued at $2,437,136. CDW Corp makes up approx 0.18% of Waverton Investment Management Ltd’s portfolio.

CDW Corp closed down -0.29 points or -0.65% at $44.36 with 9,26,248 shares getting traded on Thursday. Post opening the session at $44.76, the shares hit an intraday low of $44.19 and an intraday high of $44.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, CDW Corp reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.84. The company had revenue of $3664.60 million for the quarter, compared to analysts expectations of $3645.78 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

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.

Leave a Reply

CDW Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on CDW Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.