Channing Capital Management buys $14,551,166 stake in CDW Corp (CDW)

CDW Corp (CDW) : Channing Capital Management scooped up 73,066 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 329,063 shares of CDW Corp which is valued at $14,551,166.CDW Corp makes up approximately 0.58% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in CDW by selling 3,701 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 112,393 shares of CDW which is valued at $4,970,018. CDW Corp makes up approx 0.20% of Boston Private Wealth’s portfolio.Eagle Asset Management Inc reduced its stake in CDW by selling 48,038 shares or 10.03% in the most recent quarter. The Hedge Fund company now holds 431,089 shares of CDW which is valued at $18,286,795. CDW Corp makes up approx 0.12% of Eagle Asset Management Inc’s portfolio.Creative Planning reduced its stake in CDW by selling 98 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 1,218 shares of CDW which is valued at $49,901.Raymond James Trust N.a. boosted its stake in CDW in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 5,599 shares of CDW Corp which is valued at $226,368. CDW Corp makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

CDW Corp opened for trading at $44.46 and hit $44.72 on the upside on Thursday, eventually ending the session at $44.3, with a gain of 0.18% or 0.08 points. The heightened volatility saw the trading volume jump to 12,02,692 shares. Company has a market cap of $7,336 M.

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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