Press coverage about CDK Global (NASDAQ:CDK) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CDK Global earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 47.3321941847154 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- CDK Partners with Nissan for US Dealer Website Program (finance.yahoo.com)
- Worth Observing Stocks: CDK Global, Inc. (NASDAQ:CDK), Union Bankshares Corporation (NASDAQ:UBSH) – The Oracle Examiner (oracleexaminer.com)
- Hot Stock under Review – CDK Global Inc (NASDAQ: CDK) – Alpha Beta Stock (alphabetastock.com)
- Dealership having a bad month? CDK aims to help (autonews.com)
- CDK Global, Inc. (CDK) – Mover to Watch – Nasdaq Fortune (press release) (nasdaqfortune.com)
Shares of CDK Global (CDK) traded down $0.67 during mid-day trading on Wednesday, reaching $69.56. 883,911 shares of the company’s stock were exchanged, compared to its average volume of 1,298,748. The company has a market cap of $9,525.40, a price-to-earnings ratio of 30.81, a PEG 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 has a fifty-two week low of $59.33 and a fifty-two week high of $76.04.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. CDK Global’s dividend payout ratio (DPR) is presently 26.55%.
Several analysts have recently weighed in on the stock. Barrington Research lowered shares of CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research note on Wednesday, January 17th. They noted that the move was a valuation call. BidaskClub lowered shares of CDK Global from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Morgan Stanley lifted their price objective on shares of CDK Global from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Wells Fargo & Co reiterated an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.80.
In other CDK Global news, insider Rajiv K. Amar sold 1,968 shares of CDK Global stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $773,379.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott L. Mathews sold 5,514 shares of CDK Global stock in a transaction on Wednesday, February 21st. The stock was 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 in the company, valued at $3,343,513.20. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.
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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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