Sandhill Capital Partners buys $17,674,921 stake in CDW Corp (CDW)

CDW Corp (CDW) : Sandhill Capital Partners scooped up 2,244 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 390,261 shares of CDW Corp which is valued at $17,674,921.CDW Corp makes up approximately 5.13% of Sandhill Capital Partners’s portfolio.

Other Hedge Funds, Including , Canyon Capital Advisors sold out all of its stake in CDW during the most recent quarter. The investment firm sold 755,001 shares of CDW which is valued $34,193,995.Fmr boosted its stake in CDW in the latest quarter, The investment management firm added 301,980 additional shares and now holds a total of 19,522,620 shares of CDW Corp which is valued at $884,179,460. CDW Corp makes up approx 0.11% of Fmr’s portfolio. Pioneer Investment Management Inc added CDW to its portfolio by purchasing 344,135 company shares during the most recent quarter which is valued at $15,585,874. CDW Corp makes up approx 0.06% of Pioneer Investment Management Inc’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in CDW in the latest quarter, The investment management firm added 39,455 additional shares and now holds a total of 126,216 shares of CDW Corp which is valued at $5,645,642. CDW Corp makes up approx 0.02% of State Board Of Administration Of Florida Retirement System’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.

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