First Mercantile Trust Co buys $477,264 stake in CDW Corp (CDW)

CDW Corp (CDW) : First Mercantile Trust Co scooped up 9,080 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 10,580 shares of CDW Corp which is valued at $477,264.CDW Corp makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in CDW in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 274 shares of CDW Corp which is valued at $12,360.Bnp Paribas Arbitrage Sa boosted its stake in CDW in the latest quarter, The investment management firm added 1,621 additional shares and now holds a total of 87,553 shares of CDW Corp which is valued at $4,002,923. CDW Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added CDW to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $1,006.

CDW Corp closed down -0.4 points or -0.88% at $45.11 with 7,77,441 shares getting traded on Friday. Post opening the session at $45.7, the shares hit an intraday low of $44.805 and an intraday high of $45.7 and the price fluctuated in this range throughout the day.Shares ended Friday 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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