Sunriver Management buys $24,825,660 stake in CDW Corp (CDW)

CDW Corp (CDW) : Sunriver Management scooped up 109,580 additional shares in CDW Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 534,000 shares of CDW Corp which is valued at $24,825,660.CDW Corp makes up approximately 7.28% of Sunriver Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in CDW in the latest quarter, The investment management firm added 2,447 additional shares and now holds a total of 308,688 shares of CDW Corp which is valued at $13,733,529. CDW Corp makes up approx 0.03% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Kayne Anderson Rudnick Investment Management boosted its stake in CDW in the latest quarter, The investment management firm added 336,514 additional shares and now holds a total of 3,636,807 shares of CDW Corp which is valued at $161,765,175. CDW Corp makes up approx 2.06% of Kayne Anderson Rudnick Investment Management’s portfolio.Capital One National Association boosted its stake in CDW in the latest quarter, The investment management firm added 243 additional shares and now holds a total of 36,985 shares of CDW Corp which is valued at $1,660,996. CDW Corp makes up approx 0.14% of Capital One National Association’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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