Several brokerages have updated their recommendations and price targets on shares of CDK Global (NASDAQ: CDK) in the last few weeks:

  • 8/4/2017 – CDK Global was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – CDK Global was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois. “
  • 8/1/2017 – CDK Global was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 7/25/2017 – CDK Global was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/10/2017 – CDK Global was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $72.00 price target on the stock.
  • 7/4/2017 – CDK Global was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois. “
  • 6/21/2017 – CDK Global was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $75.00 price target on the stock.

Shares of CDK Global, Inc. (NASDAQ CDK) traded up 0.36% during midday trading on Friday, hitting $61.37. The company had a trading volume of 101,799 shares. The company has a market capitalization of $8.60 billion, a P/E ratio of 30.84 and a beta of 0.74. The firm’s 50 day moving average is $63.27 and its 200 day moving average is $63.71. CDK Global, Inc. has a 52 week low of $53.46 and a 52 week high of $67.49.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The company had revenue of $565.40 million for the quarter, compared to the consensus estimate of $556.68 million. During the same quarter in the previous year, the business earned $0.49 EPS. CDK Global’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that CDK Global, Inc. will post $2.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.92%. CDK Global’s dividend payout ratio is presently 28.00%.

In other CDK Global news, insider Brian P. Macdonald purchased 5,000 shares of CDK Global stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $60.47 per share, for a total transaction of $302,350.00. Following the acquisition, the insider now directly owns 96,877 shares in the company, valued at $5,858,152.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

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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