Tokio Marine Asset Management Co. Ltd. maintained its position in CDK Global Inc. (NASDAQ:CDK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,181 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CDK Global were worth $343,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CDK. Strs Ohio raised its stake in CDK Global by 21.7% in the second quarter. Strs Ohio now owns 3,394 shares of the company’s stock worth $188,000 after buying an additional 606 shares in the last quarter. Stewart & Patten Co. LLC purchased a new stake in CDK Global during the second quarter worth about $204,000. FirstMerit Bank N A Trustee purchased a new stake in CDK Global during the second quarter worth about $209,000. Marshwinds Advisory Co. purchased a new stake in CDK Global during the second quarter worth about $220,000. Finally, Baxter Bros Inc. purchased a new stake in CDK Global during the second quarter worth about $223,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.
CDK Global Inc. (NASDAQ:CDK) traded down 0.33% during trading on Thursday, reaching $54.81. 380,896 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $57.19 and its 200-day moving average price is $54.44. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 36.30 and a beta of 0.65. CDK Global Inc. has a 52-week low of $39.67 and a 52-week high of $60.09.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business earned $542.20 million during the quarter, compared to analysts’ expectations of $533.84 million. CDK Global had a return on equity of 45.25% and a net margin of 11.32%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. Equities analysts expect that CDK Global Inc. will post $2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.54 annualized dividend and a yield of 0.99%. CDK Global’s dividend payout ratio (DPR) is currently 35.76%.
A number of analysts have recently weighed in on CDK shares. Zacks Investment Research downgraded shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. William Blair started coverage on shares of CDK Global in a research report on Wednesday. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.75.
CDK Global Company Profile
CDK Global, Inc is a provider of integrated information technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s segments are Automotive Retail North America (ARNA), Automotive Retail International (ARI) and Digital Marketing (DM). The Company’s solutions automate workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, and repair and maintenance of vehicles.
Want to see what other hedge funds are holding CDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDK Global Inc. (NASDAQ:CDK).
Receive News & Ratings for CDK Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.