Barrington Research Reiterates Hold Rating for CDK Global (CDK)

CDK Global (NASDAQ:CDK)‘s stock had its “hold” rating reiterated by equities research analysts at Barrington Research in a research note issued on Monday.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of CDK Global from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Wednesday, January 31st. Morgan Stanley raised their price target on shares of CDK Global from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo restated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.80.

How to Become a New Pot Stock Millionaire

Shares of CDK Global (NASDAQ:CDK) traded up $0.42 during trading on Monday, reaching $64.39. 56,166 shares of the company’s stock were exchanged, compared to its average volume of 1,273,899. The firm has a market capitalization of $8,607.71, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.31 and a beta of 0.70. The company has a debt-to-equity ratio of -11.19, a current ratio of 1.97 and a quick ratio of 1.97. CDK Global has a 12-month low of $59.33 and a 12-month high of $76.04.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $561.70 million for the quarter, compared to the consensus estimate of $564.94 million. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. research analysts forecast that CDK Global will post 3.26 earnings per share for the current year.

In other news, EVP Scott L. Mathews sold 5,514 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $68.91, for a total value of $379,969.74. Following the sale, the executive vice president now directly owns 48,520 shares in the company, valued at approximately $3,343,513.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rajiv K. Amar sold 1,968 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $69.85, for a total transaction of $137,464.80. Following the completion of the sale, the insider now owns 11,072 shares in the company, valued at $773,379.20. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CDK. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of CDK Global in the 4th quarter valued at approximately $24,174,000. Schroder Investment Management Group boosted its stake in shares of CDK Global by 16,000.0% in the 4th quarter. Schroder Investment Management Group now owns 322,000 shares of the software maker’s stock valued at $22,952,000 after purchasing an additional 320,000 shares in the last quarter. Two Sigma Advisers LP raised its holdings in CDK Global by 50.5% in the 4th quarter. Two Sigma Advisers LP now owns 862,600 shares of the software maker’s stock valued at $61,486,000 after buying an additional 289,400 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in CDK Global by 18,000.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 199,100 shares of the software maker’s stock valued at $251,000 after buying an additional 198,000 shares during the last quarter. Finally, Pennant Capital Management LLC raised its holdings in CDK Global by 48.0% in the 4th quarter. Pennant Capital Management LLC now owns 554,103 shares of the software maker’s stock valued at $39,496,000 after buying an additional 179,803 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Barrington Research Reiterates Hold Rating for CDK Global (CDK)” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3302340/barrington-research-reiterates-hold-rating-for-cdk-global-cdk.html.

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.

Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Guncoin  Price Reaches $0.0035
Guncoin Price Reaches $0.0035
The Clorox  Sets New 1-Year High and Low at $118.95
The Clorox Sets New 1-Year High and Low at $118.95
Travelport  Reaches New 12-Month High and Low at $17.64
Travelport Reaches New 12-Month High and Low at $17.64
Plantronics  Reaches New 1-Year High and Low at $65.11
Plantronics Reaches New 1-Year High and Low at $65.11
Zacks: Brokerages Anticipate Cellectis  Will Post Quarterly Sales of $9.53 Million
Zacks: Brokerages Anticipate Cellectis Will Post Quarterly Sales of $9.53 Million
Rollins Inc.  Receives $47.67 Consensus Target Price from Analysts
Rollins Inc. Receives $47.67 Consensus Target Price from Analysts


© 2006-2018 Ticker Report. Google+.