Jennifer A. Williams Sells 1,984 Shares of CDK Global, Inc. (CDK) Stock
CDK Global, Inc. (NASDAQ:CDK) VP Jennifer A. Williams sold 1,984 shares of CDK Global stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total transaction of $124,158.72. Following the transaction, the vice president now owns 5,560 shares in the company, valued at approximately $347,944.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CDK Global, Inc. (NASDAQ:CDK) opened at $63.26 on Wednesday. The stock has a market cap of $8,861.57, a PE ratio of 25.57, a PEG ratio of 1.45 and a beta of 0.72. The company has a debt-to-equity ratio of 297.80, a current ratio of 2.37 and a quick ratio of 2.37. CDK Global, Inc. has a 12 month low of $54.54 and a 12 month high of $67.49.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The business had revenue of $565.70 million during the quarter, compared to the consensus estimate of $569.28 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts forecast that CDK Global, Inc. will post 2.96 earnings per share for the current year.
Several large investors have recently made changes to their positions in CDK. Koch Industries Inc. grew its position in shares of CDK Global by 13,261.7% during the 2nd quarter. Koch Industries Inc. now owns 1,136,278 shares of the software maker’s stock valued at $1,118,000 after buying an additional 1,127,774 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of CDK Global during the 2nd quarter valued at about $45,226,000. Arrowstreet Capital Limited Partnership grew its position in shares of CDK Global by 82.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,290,870 shares of the software maker’s stock valued at $80,111,000 after buying an additional 584,720 shares during the last quarter. BlackRock Inc. grew its position in shares of CDK Global by 4.0% during the 2nd quarter. BlackRock Inc. now owns 13,718,146 shares of the software maker’s stock valued at $851,347,000 after buying an additional 521,564 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in CDK Global by 186.8% in the 2nd quarter. Renaissance Technologies LLC now owns 762,600 shares of the software maker’s stock worth $47,327,000 after purchasing an additional 496,700 shares during the last quarter. 85.62% of the stock is owned by institutional investors and hedge funds.
CDK has been the topic of a number of recent analyst reports. TheStreet upgraded shares of CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. Barrington Research set a $75.00 price objective on shares of CDK Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $72.60.
CDK Global Company Profile
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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