Legal & General Group Plc Has $44.52 Million Holdings in CDK Global, Inc. (CDK)
Legal & General Group Plc grew its stake in CDK Global, Inc. (NASDAQ:CDK) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 705,717 shares of the software maker’s stock after acquiring an additional 2,501 shares during the quarter. Legal & General Group Plc owned 0.51% of CDK Global worth $44,524,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CDK. BlackRock Inc. lifted its holdings in shares of CDK Global by 4.0% during the second quarter. BlackRock Inc. now owns 13,718,146 shares of the software maker’s stock valued at $851,347,000 after purchasing an additional 521,564 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CDK Global by 3.6% during the second quarter. Vanguard Group Inc. now owns 12,646,904 shares of the software maker’s stock valued at $784,867,000 after purchasing an additional 434,687 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CDK Global by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,528,901 shares of the software maker’s stock valued at $156,943,000 after purchasing an additional 98,417 shares in the last quarter. Southpoint Capital Advisors LP lifted its holdings in shares of CDK Global by 13.8% during the second quarter. Southpoint Capital Advisors LP now owns 2,275,700 shares of the software maker’s stock valued at $141,230,000 after purchasing an additional 275,700 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of CDK Global by 0.5% during the second quarter. FMR LLC now owns 2,249,300 shares of the software maker’s stock valued at $139,592,000 after purchasing an additional 10,322 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of CDK Global, Inc. (NASDAQ CDK) opened at $69.30 on Thursday. The company has a market capitalization of $9,564.39, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.56 and a beta of 0.75. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 297.80. CDK Global, Inc. has a 1 year low of $57.92 and a 1 year high of $69.86.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. CDK Global’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. equities analysts forecast that CDK Global, Inc. will post 2.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from CDK Global’s previous quarterly dividend of $0.14. CDK Global’s dividend payout ratio is 29.13%.
CDK has been the topic of a number of research analyst reports. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Barrington Research set a $75.00 price objective on CDK Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $72.60.
In related news, VP Jennifer A. Williams sold 1,984 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total transaction of $124,158.72. Following the completion of the sale, the vice president now owns 5,560 shares in the company, valued at $347,944.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for CDK Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.