CDK Global (NASDAQ:CDK) was downgraded by equities research analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $75.00 price objective on the software maker’s stock. Barrington Research’s target price would suggest a potential upside of 2.21% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other research firms have also weighed in on CDK. TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research lowered CDK Global from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. CDK Global currently has a consensus rating of “Hold” and a consensus target price of $72.60.

CDK Global (NASDAQ:CDK) traded up $0.18 during trading hours on Wednesday, reaching $73.38. The company had a trading volume of 894,032 shares, compared to its average volume of 1,140,000. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 297.80. CDK Global has a one year low of $59.33 and a one year high of $76.04. The stock has a market cap of $10,090.00, a price-to-earnings ratio of 35.62, a PEG ratio of 1.65 and a beta of 0.78.

CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The business had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. analysts anticipate that CDK Global will post 2.97 earnings per share for the current fiscal year.

In other news, VP Jennifer A. Williams sold 1,984 shares of the 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 transaction, the vice president now owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of CDK Global by 4.0% during the 2nd quarter. BlackRock Inc. now owns 13,718,146 shares of the software maker’s stock worth $851,347,000 after buying an additional 521,564 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CDK Global by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,646,904 shares of the software maker’s stock worth $784,867,000 after buying an additional 434,687 shares in the last quarter. Southpoint Capital Advisors LP boosted its position in 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. FMR LLC boosted its position in 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. Finally, Frontier Capital Management Co. LLC boosted its position in CDK Global by 11.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,579,837 shares of the software maker’s stock valued at $112,611,000 after purchasing an additional 167,520 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors and hedge funds.

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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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