KAMES CAPITAL plc grew its holdings in CDW Corp (NASDAQ:CDW) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 129,307 shares of the information technology services provider’s stock after acquiring an additional 24,157 shares during the quarter. KAMES CAPITAL plc owned 0.08% of CDW worth $8,988,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of CDW by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 792,658 shares of the information technology services provider’s stock worth $52,315,000 after purchasing an additional 13,336 shares during the period. Nationwide Fund Advisors raised its position in CDW by 152.7% during the second quarter. Nationwide Fund Advisors now owns 265,340 shares of the information technology services provider’s stock valued at $16,592,000 after acquiring an additional 160,340 shares in the last quarter. Ameriprise Financial Inc. raised its position in CDW by 7.9% during the second quarter. Ameriprise Financial Inc. now owns 197,811 shares of the information technology services provider’s stock valued at $12,371,000 after acquiring an additional 14,442 shares in the last quarter. Canada Pension Plan Investment Board raised its position in CDW by 89.6% during the third quarter. Canada Pension Plan Investment Board now owns 116,800 shares of the information technology services provider’s stock valued at $7,709,000 after acquiring an additional 55,200 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new position in CDW during the third quarter valued at approximately $2,144,000. 90.70% of the stock is owned by institutional investors and hedge funds.
In related news, insider Christina M. Corley sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $68.08, for a total value of $272,320.00. Following the completion of the sale, the insider now directly owns 47,843 shares of the company’s stock, valued at approximately $3,257,151.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas E. Richards sold 15,207 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $66.25, for a total value of $1,007,463.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,098 shares of company stock worth $5,263,903. 2.60% of the stock is owned by company insiders.
CDW Corp (NASDAQ:CDW) traded down $0.58 during mid-day trading on Friday, hitting $75.92. The company had a trading volume of 1,500,000 shares, compared to its average volume of 637,750. The company has a debt-to-equity ratio of 4.20, a current ratio of 1.37 and a quick ratio of 1.15. The stock has a market cap of $11,620.00, a P/E ratio of 28.12 and a beta of 1.06. CDW Corp has a 52-week low of $52.86 and a 52-week high of $76.73.
A number of research firms have recently commented on CDW. ValuEngine upgraded CDW from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada reissued a “buy” rating and set a $80.00 price objective on shares of CDW in a research note on Monday, January 15th. Zacks Investment Research lowered CDW from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BidaskClub raised CDW from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Finally, Barclays reissued a “hold” rating and set a $69.00 price objective on shares of CDW in a research note on Sunday, November 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $70.67.
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CDW Company Profile
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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