Traders Sell Shares of CDK Global (CDK) on Strength (CDK)

Traders sold shares of CDK Global Inc (NASDAQ:CDK) on strength during trading on Friday. $27.21 million flowed into the stock on the tick-up and $154.46 million flowed out of the stock on the tick-down, for a money net flow of $127.25 million out of the stock. Of all companies tracked, CDK Global had the 0th highest net out-flow for the day. CDK Global traded up $0.09 for the day and closed at $71.21

Several research firms have weighed in on CDK. Barrington Research set a $75.00 target price on CDK Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CDK Global has a consensus rating of “Buy” and an average price target of $72.60.

The company has a debt-to-equity ratio of 297.80, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $9,794.08, a P/E ratio of 28.26, a PEG ratio of 1.60 and a beta of 0.75.

CDK Global (NASDAQ:CDK) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. The business had revenue of $565.70 million during the quarter, compared to analyst estimates of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. CDK Global’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. research analysts anticipate that CDK Global Inc will post 2.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 30th. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. CDK Global’s payout ratio is 29.13%.

In other news, VP Jennifer A. Williams sold 1,984 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total value of $124,158.72. Following the completion of the transaction, the vice president now directly owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aurora Investment Counsel bought a new position in shares of CDK Global in the 4th quarter worth $1,881,000. Pensionfund Sabic bought a new position in shares of CDK Global in the 4th quarter worth $1,568,000. Pensionfund DSM Netherlands bought a new position in shares of CDK Global in the 4th quarter worth $3,136,000. Prudential Financial Inc. raised its position in shares of CDK Global by 1.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,005,135 shares of the software maker’s stock worth $63,414,000 after acquiring an additional 17,596 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of CDK Global by 2.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 250,843 shares of the software maker’s stock worth $15,826,000 after acquiring an additional 6,634 shares in the last quarter. 87.45% of the stock is owned by hedge funds and other institutional investors.

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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.

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