Lingohr & Partner Asset Management GmbH raised its position in shares of CDW Corp (NASDAQ:CDW) by 33.5% during the 4th quarter, HoldingsChannel reports. The firm owned 13,151 shares of the information technology services provider’s stock after purchasing an additional 3,302 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in CDW were worth $914,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in 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 valued at $52,315,000 after purchasing an additional 13,336 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings 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 purchasing an additional 14,442 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings 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 purchasing an additional 55,200 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in CDW during the third quarter valued at approximately $2,144,000. Finally, Nordea Investment Management AB lifted its holdings in CDW by 110.9% during the third quarter. Nordea Investment Management AB now owns 7,184 shares of the information technology services provider’s stock valued at $474,000 after purchasing an additional 3,777 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Christina V. Rother sold 7,702 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $66.71, for a total value of $513,800.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ann Elizabeth Ziegler sold 39,147 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $68.94, for a total transaction of $2,698,794.18. Following the completion of the sale, the insider now owns 47,477 shares in the company, valued at approximately $3,273,064.38. The disclosure for this sale can be found here. Insiders sold 115,245 shares of company stock worth $7,962,697 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

CDW has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $75.00 price objective on shares of CDW in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of CDW from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Barclays reiterated a “hold” rating and set a $69.00 price objective on shares of CDW in a research report on Sunday, November 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $68.75.

Shares of CDW Corp (CDW) opened at $75.21 on Friday. The stock has a market cap of $11,294.50, a P/E ratio of 27.86 and a beta of 1.06. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 4.20. CDW Corp has a 1 year low of $50.49 and a 1 year high of $75.27.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. sell-side analysts expect that CDW Corp will post 3.64 EPS for the current year.

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CDW 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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