PEAK6 Investments L.P. bought a new stake in CDK Global Inc (NASDAQ:CDK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,200 shares of the software maker’s stock, valued at approximately $1,725,000.
A number of other large investors have also recently modified their holdings of the stock. Meadow Creek Investment Management LLC lifted its stake in CDK Global by 7.4% in the 4th quarter. Meadow Creek Investment Management LLC now owns 19,346 shares of the software maker’s stock valued at $1,379,000 after purchasing an additional 1,326 shares during the last quarter. Northeast Financial Consultants Inc bought a new position in CDK Global in the 4th quarter valued at about $217,000. Raymond James & Associates raised its holdings in CDK Global by 8.4% in the 4th quarter. Raymond James & Associates now owns 22,717 shares of the software maker’s stock valued at $1,619,000 after acquiring an additional 1,768 shares during the period. HBK Investments L P raised its holdings in CDK Global by 52.2% in the 4th quarter. HBK Investments L P now owns 60,587 shares of the software maker’s stock valued at $4,319,000 after acquiring an additional 20,787 shares during the period. Finally, Two Sigma Investments LP raised its holdings in CDK Global by 7.2% in the 4th quarter. Two Sigma Investments LP now owns 610,688 shares of the software maker’s stock valued at $43,530,000 after acquiring an additional 41,261 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.
In other news, EVP Scott L. Mathews sold 5,514 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $68.91, for a total transaction of $379,969.74. Following the transaction, the executive vice president now directly owns 48,520 shares of the company’s stock, valued at $3,343,513.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rajiv K. Amar sold 1,968 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $69.85, for a total transaction of $137,464.80. Following the transaction, the insider now directly owns 11,072 shares in the company, valued at $773,379.20. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.
CDK Global Inc (CDK) opened at $70.33 on Wednesday. The firm has a market cap of $9,525.40, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.70. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of -11.19. CDK Global Inc has a fifty-two week low of $59.33 and a fifty-two week high of $76.04.
CDK Global (NASDAQ:CDK) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.17. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The company had revenue of $561.70 million for the quarter, compared to analysts’ expectations of $564.94 million. During the same period last year, the firm earned $0.55 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. equities research analysts anticipate that CDK Global Inc will post 3.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. CDK Global’s dividend payout ratio is presently 26.55%.
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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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