CDK Global (CDK) Getting Somewhat Positive Press Coverage, Report Finds

News articles about CDK Global (NASDAQ:CDK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive 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 gave press coverage about the software maker an impact score of 47.3321941847154 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Shares of CDK Global stock traded up $0.08 during mid-day trading on Thursday, reaching $66.97. 128,595 shares of the company traded hands, compared to its average volume of 1,277,744. CDK Global has a one year low of $59.33 and a one year high of $76.04. The stock has a market cap of $9,106.92, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.38 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 (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.87 EPS for the quarter, beating 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 the consensus estimate of $564.94 million. During the same period in the prior year, the firm posted $0.55 EPS. CDK Global’s revenue for the quarter was up 2.5% on a year-over-year basis. analysts anticipate that CDK Global will post 3.26 EPS for the current year.

The business also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, February 28th. CDK Global’s payout ratio is presently 26.55%.

A number of equities research analysts recently commented 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 target for the company. in a report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of 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. Wells Fargo reiterated an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of CDK Global in a report on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of CDK Global from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, BidaskClub lowered shares of CDK Global from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.80.

In related 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 value of $379,969.74. Following the transaction, the executive vice president now owns 48,520 shares of the company’s stock, valued at $3,343,513.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the insider now directly owns 11,072 shares in the company, valued at approximately $773,379.20. The disclosure for this sale can be found here. Company 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.

Insider Buying and Selling by Quarter for CDK Global (NASDAQ:CDK)

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