Pensionfund DSM Netherlands Reduces Position in CDK Global Inc (NASDAQ:CDK)

Pensionfund DSM Netherlands lessened its stake in shares of CDK Global Inc (NASDAQ:CDK) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,125 shares of the software maker’s stock after selling 3,375 shares during the period. Pensionfund DSM Netherlands’ holdings in CDK Global were worth $1,835,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CDK. Aurora Investment Counsel lifted its stake in shares of CDK Global by 0.6% in the 1st quarter. Aurora Investment Counsel now owns 35,186 shares of the software maker’s stock valued at $2,070,000 after purchasing an additional 206 shares during the period. Cardinal Capital Management increased its holdings in CDK Global by 1.2% in the 1st quarter. Cardinal Capital Management now owns 18,524 shares of the software maker’s stock worth $1,089,000 after acquiring an additional 213 shares in the last quarter. Financial Advocates Investment Management increased its holdings in CDK Global by 27.6% in the 4th quarter. Financial Advocates Investment Management now owns 1,045 shares of the software maker’s stock worth $183,000 after acquiring an additional 226 shares in the last quarter. Cerebellum GP LLC increased its holdings in CDK Global by 5.0% in the 1st quarter. Cerebellum GP LLC now owns 5,711 shares of the software maker’s stock worth $336,000 after acquiring an additional 273 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in CDK Global by 2.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,736 shares of the software maker’s stock worth $690,000 after acquiring an additional 314 shares in the last quarter. 82.31% of the stock is currently owned by institutional investors.

Shares of CDK Global stock traded up $0.17 during trading hours on Tuesday, reaching $51.88. 565,108 shares of the company’s stock were exchanged, compared to its average volume of 965,712. CDK Global Inc has a 1 year low of $44.01 and a 1 year high of $66.24. The stock has a market capitalization of $6.25 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.33 and a beta of 0.85. The firm has a fifty day moving average price of $49.54.

CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, April 30th. The software maker reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.08. CDK Global had a net margin of 16.34% and a negative return on equity of 113.53%. The business had revenue of $602.10 million during the quarter, compared to analyst estimates of $596.47 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, analysts anticipate that CDK Global Inc will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, May 31st. CDK Global’s dividend payout ratio is currently 19.74%.

In related news, General Counsel Lee J. Brunz sold 1,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $50.74, for a total value of $50,740.00. Following the completion of the sale, the general counsel now owns 37,927 shares of the company’s stock, valued at $1,924,415.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.50% of the company’s stock.

A number of research firms have recently issued reports on CDK. ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Barrington Research reaffirmed a “buy” rating and set a $6.50 target price on shares of CLEAR CHANNEL O/SH in a report on Monday, April 29th. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. CDK Global presently has a consensus rating of “Hold” and an average target price of $67.75.

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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Institutional Ownership by Quarter for CDK Global (NASDAQ:CDK)

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