CDK Global (CDK) Earning Somewhat Favorable Press Coverage, Report Shows

Media coverage about CDK Global (NASDAQ:CDK) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CDK Global earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of CDK Global (CDK) opened at 62.03 on Wednesday. The firm has a 50-day moving average of $63.31 and a 200-day moving average of $63.66. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 31.17 and a beta of 0.74. CDK Global has a one year low of $53.46 and a one year high of $67.49.

CDK Global (NASDAQ:CDK) last announced its earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. CDK Global had a net margin of 13.31% and a return on equity of 204.80%. The business had revenue of $565.40 million for the quarter, compared to the consensus estimate of $556.68 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that CDK Global will post $2.95 EPS for the current fiscal year.

Several research firms have recently weighed in on CDK. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet upgraded shares of CDK Global from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Wells Fargo & Company upgraded shares of CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Wednesday, June 21st. Evercore ISI upgraded shares of CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Monday, July 10th. Finally, BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.75.

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In other news, insider Brian P. Macdonald bought 5,000 shares of CDK Global stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $60.47 per share, with a total value of $302,350.00. Following the completion of the purchase, the insider now owns 96,877 shares in the company, valued at approximately $5,858,152.19. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

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.

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

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