CDK Global, Inc. (CDK) Shares Sold by Fiduciary Trust Co.

Fiduciary Trust Co. lowered its stake in shares of CDK Global, Inc. (NASDAQ:CDK) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,784 shares of the software maker’s stock after selling 773 shares during the period. Fiduciary Trust Co.’s holdings in CDK Global were worth $794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alpha Windward LLC lifted its stake in shares of CDK Global by 2.3% in the 2nd quarter. Alpha Windward LLC now owns 1,618 shares of the software maker’s stock worth $100,000 after purchasing an additional 36 shares during the period. TrimTabs Asset Management LLC lifted its stake in shares of CDK Global by 88.8% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,837 shares of the software maker’s stock worth $119,000 after purchasing an additional 864 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of CDK Global by 1.2% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,979 shares of the software maker’s stock worth $129,000 after purchasing an additional 23 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of CDK Global by 17.6% in the 1st quarter. Acrospire Investment Management LLC now owns 2,000 shares of the software maker’s stock worth $130,000 after purchasing an additional 300 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of CDK Global by 9.5% in the 1st quarter. Penserra Capital Management LLC now owns 2,622 shares of the software maker’s stock worth $170,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 85.06% of the company’s stock.

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CDK Global, Inc. (NASDAQ:CDK) traded up 0.25% during midday trading on Friday, reaching $61.01. 392,223 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $62.76 and its 200 day moving average is $63.43. CDK Global, Inc. has a 52 week low of $53.46 and a 52 week high of $67.49. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 30.66 and a beta of 0.75.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The company had revenue of $565.40 million during the quarter, compared to the consensus estimate of $556.68 million. During the same period in the previous year, the company posted $0.49 earnings per share. CDK Global’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that CDK Global, Inc. will post $2.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, September 8th. CDK Global’s payout ratio is presently 28.00%.

Several equities analysts have recently weighed in on CDK shares. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. TheStreet cut shares of CDK Global from a “c” rating to a “d+” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of CDK Global from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. 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 note on Wednesday, June 21st. Finally, 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 note on Monday, July 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.75.

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.

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

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