Aviva PLC lessened its holdings in shares of CDK Global Inc (NASDAQ:CDK) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,525 shares of the software maker’s stock after selling 2,120 shares during the quarter. Aviva PLC’s holdings in CDK Global were worth $3,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CDK. Dimensional Fund Advisors LP boosted its holdings in shares of CDK Global by 25.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 547,145 shares of the software maker’s stock worth $34,228,000 after purchasing an additional 110,901 shares during the period. Virtu Financial LLC purchased a new position in CDK Global during the 3rd quarter valued at $589,000. Shell Asset Management Co. boosted its holdings in CDK Global by 10.4% during the 3rd quarter. Shell Asset Management Co. now owns 17,195 shares of the software maker’s stock valued at $1,076,000 after acquiring an additional 1,626 shares during the period. Redwood Investment Management LLC boosted its holdings in CDK Global by 6.3% during the 3rd quarter. Redwood Investment Management LLC now owns 79,741 shares of the software maker’s stock valued at $4,989,000 after acquiring an additional 4,721 shares during the period. Finally, Credit Suisse AG boosted its holdings in CDK Global by 4.7% during the 3rd quarter. Credit Suisse AG now owns 191,790 shares of the software maker’s stock valued at $11,998,000 after acquiring an additional 8,547 shares during the period. 79.91% of the stock is currently owned by institutional investors.

In other news, CFO Joseph A. Tautges bought 7,900 shares of the stock in a transaction on Friday, November 9th. The stock was acquired at an average cost of $50.68 per share, for a total transaction of $400,372.00. Following the acquisition, the chief financial officer now owns 25,594 shares of the company’s stock, valued at $1,297,103.92. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Lee J. Brunz bought 2,500 shares of the stock in a transaction on Friday, November 9th. The stock was purchased at an average price of $50.96 per share, with a total value of $127,400.00. Following the completion of the acquisition, the general counsel now directly owns 39,427 shares in the company, valued at approximately $2,009,199.92. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

CDK has been the subject of a number of recent analyst reports. BidaskClub upgraded CDK Global from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Zacks Investment Research cut CDK Global from a “hold” rating to a “sell” rating in a report on Monday, August 20th. ValuEngine cut CDK Global from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Oppenheimer set a $67.00 price objective on CDK Global and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Wells Fargo & Co cut CDK Global from an “outperform” rating to a “market perform” rating in a report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. CDK Global currently has an average rating of “Hold” and a consensus price target of $72.20.

CDK opened at $47.98 on Monday. CDK Global Inc has a 52-week low of $47.67 and a 52-week high of $76.04. The firm has a market cap of $6.18 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72.

CDK Global (NASDAQ:CDK) last issued its earnings results on Wednesday, November 7th. The software maker reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. CDK Global had a negative return on equity of 173.86% and a net margin of 17.23%. The business had revenue of $554.50 million during the quarter, compared to analysts’ expectations of $560.52 million. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that CDK Global Inc will post 3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, November 30th. CDK Global’s dividend payout ratio is 19.74%.

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CDK Global Company 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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