CDK Global Inc (NASDAQ:CDK) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $76.80.
Several equities research analysts have recently weighed in on CDK shares. Barrington Research set a $75.00 price target on CDK Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Wednesday, January 31st. Morgan Stanley raised their price objective on CDK Global from $76.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. BidaskClub downgraded CDK Global from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of CDK Global in a report on Wednesday, January 31st.
Shares of CDK Global (CDK) opened at $70.25 on Tuesday. 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 has a fifty-two week low of $59.33 and a fifty-two week high of $76.04. The firm has a market capitalization of $9,452.73, a P/E ratio of 31.08, a PEG ratio of 1.44 and a beta of 0.67.
CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. CDK Global had a negative return on equity of 5,261.95% and a net margin of 14.29%. The firm 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 business posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts anticipate that CDK Global will post 3.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.85%. CDK Global’s payout ratio is currently 26.55%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in CDK Global by 6.7% during the 4th quarter. LPL Financial LLC now owns 11,256 shares of the software maker’s stock worth $802,000 after purchasing an additional 702 shares during the period. Amalgamated Bank increased its holdings in CDK Global by 5.0% during the 4th quarter. Amalgamated Bank now owns 16,201 shares of the software maker’s stock worth $1,155,000 after purchasing an additional 768 shares during the period. HL Financial Services LLC increased its holdings in CDK Global by 6.5% during the 3rd quarter. HL Financial Services LLC now owns 13,335 shares of the software maker’s stock worth $841,000 after purchasing an additional 813 shares during the period. Commerce Bank increased its holdings in CDK Global by 2.8% during the 3rd quarter. Commerce Bank now owns 34,480 shares of the software maker’s stock worth $2,176,000 after purchasing an additional 928 shares during the period. Finally, Sei Investments Co. increased its holdings in CDK Global by 11.5% during the 3rd quarter. Sei Investments Co. now owns 11,413 shares of the software maker’s stock worth $719,000 after purchasing an additional 1,174 shares during the period. Institutional investors own 87.85% of the company’s stock.
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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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