WINTON GROUP Ltd Sells 240,428 Shares of CDK Global Inc (NASDAQ:CDK)

WINTON GROUP Ltd cut its stake in shares of CDK Global Inc (NASDAQ:CDK) by 97.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,483 shares of the software maker’s stock after selling 240,428 shares during the quarter. WINTON GROUP Ltd’s holdings in CDK Global were worth $321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Denali Advisors LLC lifted its holdings in shares of CDK Global by 6.1% during the second quarter. Denali Advisors LLC now owns 125,600 shares of the software maker’s stock valued at $6,210,000 after acquiring an additional 7,200 shares during the period. DNB Asset Management AS lifted its holdings in shares of CDK Global by 8.5% during the second quarter. DNB Asset Management AS now owns 92,953 shares of the software maker’s stock valued at $4,596,000 after acquiring an additional 7,300 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of CDK Global by 197.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 445,287 shares of the software maker’s stock valued at $26,192,000 after acquiring an additional 295,353 shares during the period. First Trust Advisors LP lifted its holdings in shares of CDK Global by 2.0% during the first quarter. First Trust Advisors LP now owns 26,815 shares of the software maker’s stock valued at $1,577,000 after acquiring an additional 524 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of CDK Global by 72.2% in the first quarter. Nordea Investment Management AB now owns 267,705 shares of the software maker’s stock valued at $15,747,000 after buying an additional 112,278 shares during the last quarter. 81.87% of the stock is owned by institutional investors.

CDK has been the subject of a number of research analyst reports. Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Barrington Research reaffirmed a “buy” rating on shares of CDK Global in a report on Monday, April 29th. ValuEngine raised CDK Global from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CDK Global has a consensus rating of “Hold” and a consensus target price of $67.75.

In other CDK Global news, General Counsel Lee J. Brunz sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $50.74, for a total transaction of $50,740.00. Following the completion of the sale, the general counsel now directly owns 37,927 shares of the company’s stock, valued at approximately $1,924,415.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

CDK Global stock opened at $50.66 on Friday. The firm has a 50-day simple moving average of $50.49. CDK Global Inc has a 12-month low of $44.01 and a 12-month high of $64.77. The company has a market capitalization of $6.16 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.35 and a beta of 0.85.

CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $602.10 million during the quarter, compared to analysts’ expectations of $596.47 million. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, analysts forecast that CDK Global Inc will post 3.62 EPS for the current fiscal year.

CDK Global Company 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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

Want to see what other hedge funds are holding CDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDK Global Inc (NASDAQ:CDK).

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

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.