CDK Global, Inc. (CDK) Shares Bought by AHL Partners LLP
AHL Partners LLP increased its stake in CDK Global, Inc. (NASDAQ:CDK) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,133 shares of the software maker’s stock after acquiring an additional 13,791 shares during the period. AHL Partners LLP owned approximately 0.09% of CDK Global worth $8,200,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDK. Tudor Investment Corp ET AL raised its position in shares of CDK Global by 31.0% in the 2nd quarter. Tudor Investment Corp ET AL now owns 19,685 shares of the software maker’s stock worth $1,222,000 after buying an additional 4,662 shares during the period. UBS Oconnor LLC boosted its holdings in CDK Global by 47.7% in the second quarter. UBS Oconnor LLC now owns 480,000 shares of the software maker’s stock valued at $29,789,000 after acquiring an additional 155,000 shares during the last quarter. Lee Capital Management LP acquired a new position in CDK Global in the second quarter valued at $993,000. Balyasny Asset Management LLC boosted its holdings in CDK Global by 3.7% in the second quarter. Balyasny Asset Management LLC now owns 26,040 shares of the software maker’s stock valued at $1,616,000 after acquiring an additional 935 shares during the last quarter. Finally, Junto Capital Management LP acquired a new position in CDK Global in the second quarter valued at $45,226,000. 85.01% of the stock is currently owned by institutional investors and hedge funds.
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CDK Global, Inc. (CDK) traded up 0.44% during midday trading on Wednesday, hitting $64.10. 49,326 shares of the stock traded hands. The firm has a market cap of $8.98 billion, a P/E ratio of 32.21 and a beta of 0.73. The company has a 50-day moving average price of $62.71 and a 200-day moving average price of $63.02. CDK Global, Inc. has a 1-year low of $53.46 and a 1-year high of $67.49.
CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $565.40 million for the quarter, compared to the consensus estimate of $556.68 million. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. Analysts predict that CDK Global, Inc. will post $2.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 11th were given a dividend of $0.14 per share. The ex-dividend date was Friday, September 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.88%. CDK Global’s dividend payout ratio is presently 28.00%.
A number of equities research analysts have issued reports on the company. TheStreet downgraded CDK Global from a “c” rating to a “d+” rating in a research report on Tuesday, August 1st. Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price objective on the stock in a report on Monday, July 10th. BidaskClub downgraded CDK Global from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised CDK Global from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company raised CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $72.00.
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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