Thrivent Financial for Lutherans lifted its holdings in shares of CDK Global Inc (NASDAQ:CDK) by 145.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,059 shares of the software maker’s stock after purchasing an additional 45,097 shares during the period. Thrivent Financial for Lutherans owned 0.06% of CDK Global worth $3,642,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Bruderman Asset Management LLC boosted its stake in shares of CDK Global by 722.7% during the 4th quarter. Bruderman Asset Management LLC now owns 543 shares of the software maker’s stock worth $26,000 after acquiring an additional 477 shares during the period. CX Institutional acquired a new stake in CDK Global during the 4th quarter worth approximately $27,000. Essex Investment Management Co. LLC acquired a new stake in CDK Global during the 4th quarter worth approximately $30,000. Laurel Wealth Advisors LLC acquired a new stake in CDK Global during the 4th quarter worth approximately $32,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in CDK Global by 4,688.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,752 shares of the software maker’s stock valued at $52,000 after acquiring an additional 2,419,149 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.
Shares of CDK Global stock traded up $0.12 on Friday, hitting $60.75. 710,845 shares of the company’s stock traded hands, compared to its average volume of 669,013. CDK Global Inc has a one year low of $44.01 and a one year high of $67.97. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 19.98 and a beta of 0.72.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, February 28th. CDK Global’s dividend payout ratio (DPR) is currently 19.74%.
Several brokerages have weighed in on CDK. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine raised CDK Global from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Oppenheimer set a $67.00 price objective on CDK Global and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CDK Global presently has a consensus rating of “Hold” and a consensus price target of $67.25.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/thrivent-financial-for-lutherans-boosts-holdings-in-cdk-global-inc-cdk.html.
About CDK Global
CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.
Recommended Story: What Are Cryptocurrencies?
Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.