Dupont Capital Management Corp boosted its position in CDK Global Inc (NASDAQ:CDK) by 25.8% in the first quarter, HoldingsChannel reports. The firm owned 57,031 shares of the software maker’s stock after buying an additional 11,680 shares during the quarter. Dupont Capital Management Corp’s holdings in CDK Global were worth $3,355,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wheatland Advisors Inc. bought a new position in shares of CDK Global during the first quarter valued at $212,000. Osborn Williams & Donohoe LLC increased its holdings in CDK Global by 29.5% in the 1st quarter. Osborn Williams & Donohoe LLC now owns 9,323 shares of the software maker’s stock worth $549,000 after buying an additional 2,123 shares in the last quarter. SG Americas Securities LLC increased its holdings in CDK Global by 2.2% in the 1st quarter. SG Americas Securities LLC now owns 16,343 shares of the software maker’s stock worth $961,000 after buying an additional 348 shares in the last quarter. Choate Investment Advisors increased its holdings in CDK Global by 22.4% in the 1st quarter. Choate Investment Advisors now owns 10,310 shares of the software maker’s stock worth $606,000 after buying an additional 1,888 shares in the last quarter. Finally, Capital Investment Counsel Inc bought a new stake in CDK Global in the 1st quarter worth about $226,000. Institutional investors and hedge funds own 82.20% of the company’s stock.
CDK has been the subject of several research analyst reports. BidaskClub downgraded CDK Global from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded CDK Global from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Oppenheimer set a $67.00 price objective on CDK Global and gave the stock a “buy” rating in a report on Tuesday, February 5th. ValuEngine upgraded CDK Global from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Barrington Research reiterated a “buy” rating on shares of CDK Global in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.75.
CDK Global (NASDAQ:CDK) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. CDK Global had a negative return on equity of 113.53% and a net margin of 16.34%. The company had revenue of $602.10 million during the quarter, compared to the consensus estimate of $596.47 million. During the same period last year, the company earned $0.85 EPS. On average, analysts predict that CDK Global Inc will post 3.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 1.08%. CDK Global’s payout ratio is 19.74%.
CDK Global Profile
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.
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