V Wealth Managementllc Lowers stake in CDW Corp (CDW)

CDW Corp (CDW) : V Wealth Managementllc reduced its stake in CDW Corp by 1.18% during the most recent quarter end. The investment management company now holds a total of 36,994 shares of CDW Corp which is valued at $1,569,285 after selling 440 shares in CDW Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.CDW Corp makes up approximately 1.24% of V Wealth Managementllc’s portfolio.

Other Hedge Funds, Including , Highland Capital Management reduced its stake in CDW by selling 10 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 22,704 shares of CDW which is valued at $963,104. CDW Corp makes up approx 0.08% of Highland Capital Management’s portfolio.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 $41.77 and hit $42.42 on the upside on Wednesday, eventually ending the session at $42.42, with a gain of 1.90% or 0.79 points. The heightened volatility saw the trading volume jump to 16,02,271 shares. Company has a market cap of $7,025 M.

On the company’s financial health, CDW Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $3116.70 million for the quarter, compared to analysts expectations of $3101.21 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CDW Corp. CDW Corp was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016.

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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