Providence Equity Partners L.l.c. Exits Position in CDW Corp (CDW)

CDW Corp (CDW) : Providence Equity Partners L.l.c. has sold out all of its stake in CDW Corp during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 6,190,419 shares of CDW Corp which is valued at $301,968,639.

Other Hedge Funds, Including , Lazard Asset Management boosted its stake in CDW in the latest quarter, The investment management firm added 25,412 additional shares and now holds a total of 25,626 shares of CDW Corp which is valued at $1,250,036.Boston Partners boosted its stake in CDW in the latest quarter, The investment management firm added 29,261 additional shares and now holds a total of 1,701,492 shares of CDW Corp which is valued at $75,682,364. CDW Corp makes up approx 0.11% of Boston Partners’s portfolio. Quantitative Investment Management added CDW to its portfolio by purchasing 96,900 company shares during the most recent quarter which is valued at $4,250,034. CDW Corp makes up approx 0.15% of Quantitative Investment Management’s portfolio.V Wealth Managementllc boosted its stake in CDW in the latest quarter, The investment management firm added 2,637 additional shares and now holds a total of 39,631 shares of CDW Corp which is valued at $1,779,828. CDW Corp makes up approx 1.47% of V Wealth Managementllc’s portfolio.Ibm Retirement Fund reduced its stake in CDW by selling 1,108 shares or 6.74% in the most recent quarter. The Hedge Fund company now holds 15,327 shares of CDW which is valued at $689,408. CDW Corp makes up approx 0.04% of Ibm Retirement Fund’s portfolio.

CDW Corp closed down -0.53 points or -1.02% at $51.43 with 9,46,995 shares getting traded on Monday. Post opening the session at $52.05, the shares hit an intraday low of $51.1 and an intraday high of $52.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CDW Corp reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.91. The company had revenue of $3708.00 million for the quarter, compared to analysts expectations of $3758.27 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on CDW Corp. Company shares were Reiterated by RBC Capital Mkts on Nov 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

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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