Short Interest Don’t Lie: What Next for Cdw Corporation (NASDAQ:CDW) Stock After Decrease in Shorted Shares?

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Don't Lie: What Next for Cdw Corporation (NASDAQ:CDW) Stock After Decrease in Shorted Shares?

The stock of Cdw Corporation (NASDAQ:CDW) registered a decrease of 3.63% in short interest. CDW’s total short interest was 5.49 million shares in November as published by FINRA. Its down 3.63% from 5.70 million shares, reported previously. With 523,100 shares average volume, it will take short sellers 11 days to cover their CDW’s short positions. The stock decreased 0.27% or $0.14 during the last trading session, hitting $51.7. CDW Corp (NASDAQ:CDW) has risen 26.65% since April 26, 2016 and is uptrending. It has outperformed by 21.39% the S&P500.

CDW Corporation provides integrated information technology (IT) solutions. The company has a market cap of $8.38 billion. The Company’s divisions include Corporate, Public and Other. It has a 21.07 P/E ratio. The Corporate segment consists of private sector business customers.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.78, from 1.68 in 2016Q1. The ratio dropped, as 30 funds sold all CDW Corp shares owned while 80 reduced positions. 61 funds bought stakes while 124 increased positions. They now own 144.07 million shares or 2.45% more from 140.62 million shares in 2016Q1.
Babson Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 20,800 shares. Fjarde Ap has invested 0.04% of its portfolio in CDW Corp (NASDAQ:CDW). Nicholas Incorporated Wi reported 294,195 shares or 0.24% of all its holdings. Panagora Asset Mngmt accumulated 68,983 shares or 0.01% of the stock. Blackrock Advisors Limited Liability Co holds 0.08% or 1.88 million shares in its portfolio. Voya Management Ltd Llc holds 0.01% or 70,540 shares in its portfolio. Ftb Advisors has invested 0% of its portfolio in CDW Corp (NASDAQ:CDW). Moreover, Nordea Mngmt has 0% invested in CDW Corp (NASDAQ:CDW) for 3,407 shares. Ahl Prtnrs Llp holds 0.05% or 24,874 shares in its portfolio. Vantage Investment Advsr Ltd Com holds 0% or 43 shares in its portfolio. Moreover, Checchi Cap Advisers Llc has 0% invested in CDW Corp (NASDAQ:CDW) for 376 shares. United Capital Fincl Advisers Lc holds 0.01% or 23,553 shares in its portfolio. Clinton Group Inc accumulated 188,503 shares or 0.33% of the stock. Lazard Asset Mngmt Lc last reported 0% of its portfolio in the stock. The Montana-based Da Davidson And has invested 0% in CDW Corp (NASDAQ:CDW).

Insider Transactions: Since November 3, 2016, the stock had 0 insider buys, and 1 insider sale for $3.52 million net activity. On Thursday, November 3 ECKROTE DOUGLAS E sold $3.52 million worth of the stock or 80,000 shares.

CDW Corp (NASDAQ:CDW) Ratings Coverage

Out of 8 analysts covering CDW (NASDAQ:CDW), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. CDW has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Sunday, September 6. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, November 5. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 13. The company was maintained on Wednesday, October 14 by Stifel Nicolaus. On Tuesday, August 4 the stock rating was maintained by Raymond James with “Buy”. The firm earned “Buy” rating on Thursday, August 4 by Deutsche Bank. The firm has “Buy” rating by Goldman Sachs given on Tuesday, December 1. The rating was initiated by Barclays Capital on Wednesday, October 14 with “Overweight”. The rating was maintained by RBC Capital Markets on Wednesday, November 16 with “Outperform”. The firm earned “Hold” rating on Thursday, August 6 by Zacks.

CDW Company Profile

CDW Corporation (CDW), incorporated on May 25, 2007, is a well-known provider of integrated information technology (IT) solutions in the United States and Canada. The Company’s divisions include Corporate, Public and Other. The Corporate segment consists of private sector business clients in the United States. The Corporate segment is divided into a medium/large business customer channel, serving clients with approximately 100 employees and a small business customer channel, serving clients with over 100 employees. The Public segment consists of government agencies and education and healthcare institutions in the United States. The Other segment includes CDW Advanced Services, Canada and Kelway. The CDW Advanced Services business consists of customized engineering services delivered by technology specialists and engineers, and managed services that include infrastructure as a service (IaaS) offerings. The Firm has centralized logistics and headquarters functions that provide services to the divisions. The logistics function includes purchasing, distribution and fulfillment services to support both the Corporate and Public divisions. The centralized headquarters function provides services in areas, such as accounting, information technology, marketing, legal and coworker services.

Another recent and important CDW Corp (NASDAQ:CDW) news was published by Zacks.com which published an article titled: “CDW Corp. (CDW) Q3 Earnings: Will it Pull Off a Surprise?” on October 31, 2016.

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By Marguerite Chambers


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