CDK Global, Inc. (CDK) Shares Bought by Thompson Siegel & Walmsley LLC
Thompson Siegel & Walmsley LLC lifted its holdings in shares of CDK Global, Inc. (NASDAQ:CDK) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,491 shares of the software maker’s stock after acquiring an additional 1,300 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in CDK Global were worth $1,293,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. bought a new position in shares of CDK Global during the 3rd quarter worth approximately $145,000. D.A. Davidson & CO. boosted its stake in shares of CDK Global by 5.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock worth $194,000 after acquiring an additional 167 shares during the period. Pinnacle Financial Partners Inc. bought a new position in shares of CDK Global during the 2nd quarter worth approximately $198,000. TrimTabs Asset Management LLC boosted its stake in shares of CDK Global by 105.0% during the 2nd quarter. TrimTabs Asset Management LLC now owns 3,766 shares of the software maker’s stock worth $234,000 after acquiring an additional 1,929 shares during the period. Finally, Regentatlantic Capital LLC boosted its stake in shares of CDK Global by 3.6% during the 2nd quarter. Regentatlantic Capital LLC now owns 3,806 shares of the software maker’s stock worth $236,000 after acquiring an additional 133 shares during the period. Institutional investors own 83.67% of the company’s stock.
CDK has been the subject of several research reports. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, October 3rd. Finally, Barrington Research set a $75.00 price target on CDK Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CDK Global currently has an average rating of “Buy” and a consensus target price of $72.60.
Shares of CDK Global, Inc. (NASDAQ CDK) opened at $68.46 on Friday. The firm has a market capitalization of $9,516.25, a P/E ratio of 27.46, a P/E/G ratio of 1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37. CDK Global, Inc. has a fifty-two week low of $56.50 and a fifty-two week high of $69.61.
CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The business 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%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. analysts predict that CDK Global, Inc. will post 2.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a dividend of $0.15 per share. This is a boost from CDK Global’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, November 30th. CDK Global’s dividend payout ratio (DPR) is presently 27.18%.
In related news, VP Jennifer A. Williams sold 1,984 shares of CDK Global stock in a transaction that occurred 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 directly owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.
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About CDK Global
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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