CDK Global (CDK) Receiving Somewhat Positive Press Coverage, Study Shows
Media headlines about CDK Global (NASDAQ:CDK) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CDK Global earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.288206341941 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Infosys to Support KONE’s IT Transformation, Expands Presence … – Nasdaq (nasdaq.com)
- Pershing Square Releases Third in a Series of Questions for ADP (businesswire.com)
- Form 4 CDK Global, Inc. For: Sep 29 Filed by: Karp Robert N. – StreetInsider.com (streetinsider.com)
- CDK Global, Inc. (CDK) noted a price change of 0.66% and LogMeIn, Inc. (LOGM) closes with a move of 2.12% – Stocks Gallery (stocksgallery.com)
- CDK Global and CarGurus Partner to Provide Powerful Marketing Solutions To Dealers (finance.yahoo.com)
A number of research firms recently weighed in on CDK. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday. Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Monday, July 10th. Wells Fargo & Company upgraded CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a report on Wednesday, June 21st. Finally, TheStreet downgraded CDK Global from a “c” rating to a “d+” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. CDK Global has a consensus rating of “Buy” and a consensus price target of $72.00.
Shares of CDK Global (CDK) opened at 64.31 on Friday. CDK Global has a 12-month low of $53.46 and a 12-month high of $67.49. The company has a 50-day moving average price of $62.84 and a 200-day moving average price of $63.04. The firm has a market capitalization of $9.01 billion, a P/E ratio of 32.32 and a beta of 0.73.
CDK Global (NASDAQ:CDK) last issued its earnings results on Tuesday, August 1st. The software maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $565.40 million for the quarter, compared to analysts’ expectations of $556.68 million. CDK Global had a net margin of 13.31% and a return on equity of 204.80%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Equities analysts predict that CDK Global will post $2.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 11th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, September 8th. CDK Global’s payout ratio is 28.00%.
About CDK Global
CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.
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