Somewhat Favorable News Coverage Somewhat Unlikely to Impact CDK Global (CDK) Share Price

Media headlines about CDK Global (NASDAQ:CDK) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CDK Global earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 47.2535355436407 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have commented on CDK shares. Barrington Research set a $75.00 price objective on shares of CDK Global and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, BidaskClub lowered shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.60.

CDK Global (NASDAQ CDK) traded down $0.75 during midday trading on Wednesday, hitting $73.82. 1,119,270 shares of the stock traded hands, compared to its average volume of 1,140,000. CDK Global has a one year low of $59.33 and a one year high of $76.04. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 297.80. The company has a market capitalization of $10,150.00, a price-to-earnings ratio of 35.83, a P/E/G ratio of 1.70 and a beta of 0.78.

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 the consensus estimate of $0.68. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The company had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. equities research analysts expect that CDK Global will post 2.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were given a $0.15 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. CDK Global’s payout ratio is 29.13%.

In other news, VP Jennifer A. Williams sold 1,984 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total value of $124,158.72. Following the sale, the vice president now owns 5,560 shares of the company’s stock, valued at $347,944.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.

Insider Buying and Selling by Quarter for CDK Global (NASDAQ:CDK)

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