CDK Global Inc. (CDK) Given Consensus Recommendation of “Hold” by Analysts
Shares of CDK Global Inc. (NASDAQ:CDK) have earned an average rating of “Hold” from the six research firms that are covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.00.
Several brokerages have weighed in on CDK. William Blair began coverage on CDK Global in a report on Wednesday. They issued a “market perform” rating for the company. Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th.
Several institutional investors have recently bought and sold shares of CDK. British Columbia Investment Management Corp boosted its position in CDK Global by 74.7% in the third quarter. British Columbia Investment Management Corp now owns 72,663 shares of the company’s stock worth $4,168,000 after buying an additional 31,075 shares during the period. Raymond James Trust N.A. boosted its position in CDK Global by 13.9% in the third quarter. Raymond James Trust N.A. now owns 8,786 shares of the company’s stock worth $504,000 after buying an additional 1,069 shares during the period. Oregon Public Employees Retirement Fund boosted its position in CDK Global by 17.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 71,619 shares of the company’s stock worth $4,108,000 after buying an additional 10,798 shares during the period. Searle & CO. acquired a new position in CDK Global during the third quarter worth approximately $259,000. Finally, Williams Jones & Associates LLC boosted its position in CDK Global by 34,491.2% in the second quarter. Williams Jones & Associates LLC now owns 420,283 shares of the company’s stock worth $23,322,000 after buying an additional 419,068 shares during the period. 85.36% of the stock is owned by institutional investors.
CDK Global (NASDAQ:CDK) traded up 0.15% during trading on Wednesday, reaching $54.99. The company had a trading volume of 340,720 shares. The firm has a market capitalization of $8.26 billion, a PE ratio of 36.42 and a beta of 0.65. The firm’s 50 day moving average price is $57.28 and its 200 day moving average price is $54.44. CDK Global has a 12-month low of $39.67 and a 12-month high of $60.09.
CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business earned $542.20 million during the quarter, compared to the consensus estimate of $533.84 million. CDK Global had a return on equity of 45.25% and a net margin of 11.32%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Analysts anticipate that CDK Global will post $2.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.98%. CDK Global’s dividend payout ratio (DPR) is currently 35.76%.
CDK Global Company Profile
CDK Global, Inc is a provider of integrated information technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s segments are Automotive Retail North America (ARNA), Automotive Retail International (ARI) and Digital Marketing (DM). The Company’s solutions automate workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, and repair and maintenance of vehicles.
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