An issue of CDK Global Inc (NASDAQ:CDK) debt rose 2.5% against its face value during trading on Monday. The high-yield issue of debt has a 4.875% coupon and is set to mature on June 1, 2027. The debt is now trading at $100.75 and was trading at $100.50 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.

A number of brokerages have issued reports on CDK. BidaskClub cut CDK Global from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Barrington Research cut CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research raised CDK Global from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, January 31st. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of CDK Global in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $76.80.

Shares of CDK Global Inc (CDK) traded up $4.15 on Monday, reaching $70.81. The company’s stock had a trading volume of 2,256,039 shares, compared to its average volume of 1,330,000. The firm has a market cap of $9,740.00, a PE ratio of 31.33, a PEG ratio of 1.36 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of -11.19. CDK Global Inc has a fifty-two week low of $59.33 and a fifty-two week high of $76.04.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The company had revenue of $561.70 million during the quarter, compared to analysts’ expectations of $564.94 million. CDK Global had a negative return on equity of 5,261.95% and a net margin of 14.29%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. equities analysts forecast that CDK Global Inc will post 3.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.85%. CDK Global’s payout ratio is 26.55%.

Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of CDK Global in the third quarter valued at about $145,000. Bredin Investment LLC acquired a new stake in shares of CDK Global in the fourth quarter valued at about $203,000. Overbrook Management Corp acquired a new stake in shares of CDK Global in the fourth quarter valued at about $203,000. BB&T Corp acquired a new stake in shares of CDK Global in the fourth quarter valued at about $208,000. Finally, Retirement Income Solutions Inc acquired a new stake in shares of CDK Global in the fourth quarter valued at about $209,000. 89.62% of the stock is owned by institutional investors.

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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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