Raymond James Trust N.A. decreased its stake in shares of CDK Global Inc (NASDAQ:CDK) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,121 shares of the software maker’s stock after selling 1,281 shares during the quarter. Raymond James Trust N.A.’s holdings in CDK Global were worth $445,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. BB&T Securities LLC boosted its stake in shares of CDK Global by 16.8% during the 1st quarter. BB&T Securities LLC now owns 5,615 shares of the software maker’s stock worth $355,000 after acquiring an additional 809 shares during the period. Keybank National Association OH boosted its stake in shares of CDK Global by 6.5% during the 2nd quarter. Keybank National Association OH now owns 14,783 shares of the software maker’s stock worth $962,000 after acquiring an additional 897 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of CDK Global by 91.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,899 shares of the software maker’s stock worth $128,000 after acquiring an additional 905 shares during the period. Aurora Investment Counsel boosted its stake in shares of CDK Global by 3.2% during the 3rd quarter. Aurora Investment Counsel now owns 29,687 shares of the software maker’s stock worth $1,857,000 after acquiring an additional 909 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of CDK Global by 9.9% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 10,487 shares of the software maker’s stock worth $682,000 after acquiring an additional 949 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on CDK shares. BidaskClub downgraded CDK Global from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research downgraded CDK Global from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. ValuEngine upgraded CDK Global from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Barrington Research reiterated a “buy” rating and set a $80.00 target price on shares of CDK Global in a research note on Monday, August 13th. Finally, Morgan Stanley reduced their target price on CDK Global from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.00.

In related news, VP Jennifer A. Williams sold 4,114 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $61.65, for a total value of $253,628.10. Following the completion of the sale, the vice president now directly owns 5,012 shares in the company, valued at approximately $308,989.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Shares of NASDAQ CDK opened at $57.72 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of -7.42. CDK Global Inc has a 12 month low of $55.75 and a 12 month high of $76.04. The company has a market cap of $7.50 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, August 14th. The software maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The business had revenue of $569.20 million during the quarter, compared to the consensus estimate of $578.99 million. CDK Global had a negative return on equity of 235.59% and a net margin of 16.75%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. On average, research analysts expect that CDK Global Inc will post 3.72 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 4th were paid a $0.15 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.60 annualized dividend and a yield of 1.04%. CDK Global’s dividend payout ratio (DPR) is presently 19.74%.

CDK Global Profile

CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.

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Institutional Ownership by Quarter for CDK Global (NASDAQ:CDK)

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