CDK Global, Inc. (NASDAQ:CDK) has earned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $73.00.

Several equities analysts have issued reports on CDK shares. Barrington Research set a $75.00 price target on CDK Global and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered CDK Global from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub lowered CDK Global from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th.

CDK Global (NASDAQ CDK) opened at $71.28 on Monday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 297.80. The company has a market capitalization of $9,803.71, a P/E ratio of 34.60, a P/E/G ratio of 1.60 and a beta of 0.75. CDK Global has a 12 month low of $58.52 and a 12 month high of $72.25.

CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The company had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. analysts predict that CDK Global will post 2.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were issued a dividend of $0.15 per share. This is an increase from CDK Global’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. CDK Global’s payout ratio is currently 29.13%.

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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.39% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new stake in CDK Global during the third quarter worth $145,000. D.A. Davidson & CO. grew its stake in CDK Global by 5.6% in the 2nd quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock valued at $194,000 after purchasing an additional 167 shares during the period. Associated Banc Corp grew its stake in CDK Global by 4.7% in the 2nd quarter. Associated Banc Corp now owns 3,965 shares of the software maker’s stock valued at $246,000 after purchasing an additional 179 shares during the period. IFM Investors Pty Ltd bought a new position in CDK Global in the 3rd quarter valued at $275,000. Finally, Boothbay Fund Management LLC bought a new position in CDK Global in the 3rd quarter valued at $321,000. Institutional investors and hedge funds own 87.45% of the company’s stock.

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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.

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