First Quadrant L P CA boosted its position in shares of CDW Corporation (NASDAQ:CDW) by 76.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 219,516 shares of the information technology services provider’s stock after buying an additional 94,881 shares during the period. First Quadrant L P CA owned about 0.14% of CDW Corporation worth $13,726,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CDW. Vanguard Group Inc. boosted its position in CDW Corporation by 4.5% in the first quarter. Vanguard Group Inc. now owns 15,015,969 shares of the information technology services provider’s stock valued at $866,571,000 after buying an additional 653,020 shares during the last quarter. BlackRock Inc. boosted its position in CDW Corporation by 7,281.8% in the first quarter. BlackRock Inc. now owns 10,875,190 shares of the information technology services provider’s stock valued at $627,607,000 after buying an additional 10,727,865 shares during the last quarter. JPMorgan Chase & Co. boosted its position in CDW Corporation by 13.0% in the first quarter. JPMorgan Chase & Co. now owns 4,787,140 shares of the information technology services provider’s stock valued at $276,266,000 after buying an additional 549,088 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in CDW Corporation by 1.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,784,418 shares of the information technology services provider’s stock valued at $218,399,000 after buying an additional 72,351 shares during the last quarter. Finally, State Street Corp boosted its position in CDW Corporation by 3.0% in the first quarter. State Street Corp now owns 2,836,131 shares of the information technology services provider’s stock valued at $163,683,000 after buying an additional 81,539 shares during the last quarter. Hedge funds and other institutional investors own 90.91% of the company’s stock.

CDW Corporation (NASDAQ CDW) traded down 0.79% during midday trading on Friday, hitting $63.17. 101,827 shares of the stock traded hands. CDW Corporation has a 52-week low of $40.56 and a 52-week high of $66.33. The firm has a market cap of $9.92 billion, a PE ratio of 25.70 and a beta of 1.08. The stock has a 50-day moving average of $62.63 and a 200 day moving average of $58.54.

CDW Corporation (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, May 3rd. The information technology services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.24 billion. CDW Corporation had a net margin of 2.85% and a return on equity of 55.44%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. Equities analysts forecast that CDW Corporation will post $3.83 EPS for the current year.

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Several research analysts have recently weighed in on CDW shares. BidaskClub cut shares of CDW Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Robert W. Baird reaffirmed a “buy” rating on shares of CDW Corporation in a report on Saturday, May 13th. Zacks Investment Research raised shares of CDW Corporation from a “sell” rating to a “buy” rating and set a $66.00 target price for the company in a report on Monday, May 8th. Northcoast Research initiated coverage on shares of CDW Corporation in a report on Monday, April 24th. They set a “buy” rating and a $70.00 target price for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $64.00 target price on shares of CDW Corporation in a report on Monday, April 17th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.28.

In other news, insider Christina M. Corley sold 4,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $59.01, for a total transaction of $236,040.00. Following the sale, the insider now owns 71,843 shares of the company’s stock, valued at $4,239,455.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan J. Stevens sold 6,700 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $58.91, for a total transaction of $394,697.00. Following the sale, the insider now directly owns 102,366 shares in the company, valued at approximately $6,030,381.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,833 shares of company stock worth $5,152,381. Corporate insiders own 2.20% of the company’s stock.

CDW Corporation 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 Corporation (NASDAQ:CDW)

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