CDK Global Inc (CDK) Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its stake in shares of CDK Global Inc (NASDAQ:CDK) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,000 shares of the software maker’s stock after selling 400 shares during the period. Skylands Capital LLC’s holdings in CDK Global were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CDK. M&R Capital Management Inc. raised its stake in CDK Global by 2.1% in the fourth quarter. M&R Capital Management Inc. now owns 3,321 shares of the software maker’s stock worth $198,000 after buying an additional 67 shares during the period. First Citizens Bank & Trust Co. raised its stake in CDK Global by 1.6% in the third quarter. First Citizens Bank & Trust Co. now owns 4,935 shares of the software maker’s stock worth $283,000 after buying an additional 78 shares during the period. Geneva Advisors LLC raised its stake in CDK Global by 1.8% in the third quarter. Geneva Advisors LLC now owns 5,911 shares of the software maker’s stock worth $339,000 after buying an additional 105 shares during the period. Whalerock Point Partners LLC raised its stake in CDK Global by 1.5% in the fourth quarter. Whalerock Point Partners LLC now owns 7,608 shares of the software maker’s stock worth $454,000 after buying an additional 116 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in CDK Global by 0.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,251 shares of the software maker’s stock worth $970,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Institutional Ownership by Quarter for CDK Global (NASDAQ:CDK)

Shares of CDK Global Inc (NASDAQ:CDK) traded up 1.17% during midday trading on Friday, hitting $61.46. 839,263 shares of the stock were exchanged. The firm has a market cap of $8.92 billion, a P/E ratio of 31.44 and a beta of 0.72. CDK Global Inc has a 12-month low of $52.43 and a 12-month high of $67.49. The firm has a 50 day moving average of $63.61 and a 200 day moving average of $62.15.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, May 2nd. The software maker reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $556.30 million during the quarter, compared to analysts’ expectations of $556.98 million. CDK Global had a return on equity of 83.46% and a net margin of 12.47%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Equities analysts forecast that CDK Global Inc will post $2.43 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on CDK shares. Morgan Stanley upgraded shares of CDK Global from an “underweight” rating to an “equal weight” rating and set a $70.00 target price on the stock in a report on Friday, February 3rd. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, February 3rd. Finally, TheStreet lowered shares of CDK Global from a “b-” rating to a “d+” rating in a report on Thursday, February 2nd.

In other news, Director Stephen A. Miles sold 9,197 shares of CDK Global stock in a transaction on Friday, March 10th. The stock was sold at an average price of $66.47, for a total value of $611,324.59. Following the completion of the transaction, the director now directly owns 30,707 shares in the company, valued at $2,041,094.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

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.

12 Month Chart for NASDAQ:CDK

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