Profund Advisors LLC lowered its holdings in shares of CDK Global Inc (NASDAQ:CDK) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,620 shares of the software maker’s stock after selling 757 shares during the quarter. Profund Advisors LLC’s holdings in CDK Global were worth $1,113,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC grew its position in shares of CDK Global by 11.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,579,837 shares of the software maker’s stock worth $112,611,000 after purchasing an additional 167,520 shares in the last quarter. Prudential Financial Inc. grew its position in shares of CDK Global by 1.8% during the third quarter. Prudential Financial Inc. now owns 1,005,135 shares of the software maker’s stock worth $63,414,000 after purchasing an additional 17,596 shares in the last quarter. Legal & General Group Plc grew its position in shares of CDK Global by 0.4% during the third quarter. Legal & General Group Plc now owns 705,717 shares of the software maker’s stock worth $44,524,000 after purchasing an additional 2,501 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of CDK Global by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 554,503 shares of the software maker’s stock worth $39,524,000 after purchasing an additional 15,866 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in CDK Global by 0.4% during the 4th quarter. Toronto Dominion Bank now owns 507,432 shares of the software maker’s stock valued at $36,169,000 after buying an additional 1,913 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
CDK has been the subject of several research analyst reports. BidaskClub cut CDK Global from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 21st. Morgan Stanley raised their price target on CDK Global from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Wells Fargo & Co restated an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of CDK Global in a report on Wednesday, January 31st. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, January 31st. Finally, Barrington Research cut CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a report on Wednesday, January 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. CDK Global has an average rating of “Hold” and an average price target of $76.80.
CDK Global Inc (CDK) opened at $70.23 on Wednesday. The firm has a market capitalization of $9,525.40, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.70. The company has a debt-to-equity ratio of -11.19, a quick ratio of 1.97 and a current ratio of 1.97. CDK Global Inc has a 1-year low of $59.33 and a 1-year high of $76.04.
CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $561.70 million during the quarter, compared to analysts’ expectations of $564.94 million. CDK Global had a negative return on equity of 5,261.95% and a net margin of 14.29%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. equities research analysts expect that CDK Global Inc will post 3.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, February 28th. CDK Global’s payout ratio is 26.55%.
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CDK Global 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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