V Wealth Management LLC reduced its holdings in shares of CDW Corp (NASDAQ:CDW) by 11.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,799 shares of the information technology services provider’s stock after selling 4,861 shares during the quarter. CDW accounts for about 1.3% of V Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. V Wealth Management LLC’s holdings in CDW were worth $2,654,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of CDW by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 792,658 shares of the information technology services provider’s stock valued at $52,315,000 after buying an additional 13,336 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of CDW by 152.7% during the 2nd quarter. Nationwide Fund Advisors now owns 265,340 shares of the information technology services provider’s stock valued at $16,592,000 after buying an additional 160,340 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of CDW by 7.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 197,811 shares of the information technology services provider’s stock valued at $12,371,000 after buying an additional 14,442 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of CDW by 89.6% during the 3rd 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 buying an additional 55,200 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of CDW during the 3rd quarter valued at approximately $2,144,000. Institutional investors own 90.63% of the company’s stock.

A number of analysts recently commented on the stock. Morgan Stanley upped their price target on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and set a $75.00 price target on shares of CDW in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of CDW from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Barclays reiterated a “hold” rating and issued a $69.00 target price on shares of CDW in a research note on Sunday, November 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. CDW has a consensus rating of “Buy” and an average price target of $68.75.

In other news, insider Ann Elizabeth Ziegler sold 39,147 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $68.94, for a total value of $2,698,794.18. Following the transaction, the insider now owns 47,477 shares of the company’s stock, valued at approximately $3,273,064.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas E. Richards sold 13,721 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.93, for a total transaction of $1,000,672.53. Following the completion of the transaction, the insider now directly owns 642,302 shares in the company, valued at approximately $46,843,084.86. The disclosure for this sale can be found here. Insiders sold a total of 115,245 shares of company stock worth $7,962,697 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

CDW Corp (NASDAQ CDW) traded up $1.42 during midday trading on Friday, reaching $75.21. 455,966 shares of the company’s stock traded hands, compared to its average volume of 691,554. CDW Corp has a fifty-two week low of $50.49 and a fifty-two week high of $75.27. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20. The stock has a market cap of $11,510.00, a PE ratio of 27.86 and a beta of 1.06.

CDW (NASDAQ:CDW) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts forecast that CDW Corp will post 3.64 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for CDW (NASDAQ:CDW)

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