Aurora Investment Counsel Acquires New Position in CDK Global Inc (CDK)

Aurora Investment Counsel acquired a new stake in CDK Global Inc (NASDAQ:CDK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,393 shares of the software maker’s stock, valued at approximately $1,881,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of CDK Global by 12.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 661,036 shares of the software maker’s stock worth $41,024,000 after purchasing an additional 74,017 shares during the period. Koch Industries Inc. grew its holdings in shares of CDK Global by 13,261.7% during the 2nd quarter. Koch Industries Inc. now owns 1,136,278 shares of the software maker’s stock worth $1,118,000 after purchasing an additional 1,127,774 shares during the period. Victory Capital Management Inc. grew its holdings in shares of CDK Global by 21.8% during the 3rd quarter. Victory Capital Management Inc. now owns 38,272 shares of the software maker’s stock worth $2,415,000 after purchasing an additional 6,838 shares during the period. Advisor Group Inc. grew its holdings in shares of CDK Global by 45.6% during the 2nd quarter. Advisor Group Inc. now owns 7,407 shares of the software maker’s stock worth $452,000 after purchasing an additional 2,321 shares during the period. Finally, Swiss National Bank grew its holdings in shares of CDK Global by 5.7% during the 2nd quarter. Swiss National Bank now owns 476,000 shares of the software maker’s stock worth $29,541,000 after purchasing an additional 25,600 shares during the period. 87.45% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. BidaskClub cut CDK Global from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Barrington Research set a $75.00 target price on CDK Global and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $72.60.

Shares of CDK Global Inc (CDK) opened at $71.12 on Friday. The company has a debt-to-equity ratio of 297.80, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $9,682.67, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.75. CDK Global Inc has a 12-month low of $58.67 and a 12-month high of $72.25.

CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. CDK Global’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. equities research analysts expect that CDK Global Inc will post 2.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, November 30th. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. CDK Global’s dividend payout ratio (DPR) is 29.13%.

In related news, VP Jennifer A. Williams sold 1,984 shares of the firm’s 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 transaction, the vice president now owns 5,560 shares in the company, valued at approximately $347,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by company insiders.

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CDK Global Profile

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

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