CDK Global (CDK) Receives Media Sentiment Rating of 0.08

Rodiano Bonacci
Dicembre 14, 2017

The company was maintained on Wednesday, August 9 by Oppenheimer.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, May 2nd. TheStreet upgraded CDK Global from a "c+" rating to a "b-" rating in a research report on Thursday, October 19th.

According to Zacks, analysts expect that CDK Global will report full year earnings of $2.97 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.04. Renaissance Technologies LLC now owns 762,600 shares of the software maker's stock worth $47,327,000 after purchasing an additional 496,700 shares during the period. Following the sale, the vice president now directly owns 5,560 shares of the company's stock, valued at approximately $347,944.80. CDK Global has a 1-year low of $58.52 and a 1-year high of $71.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. CDK Global's dividend payout ratio is 29.13%.

Other legal actions have been taken against CDK Global and Reynolds and Reynolds by competitors and dealers alleging problems with the data integration practices at both of the software giants. The software maker reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.68. During the same quarter past year, the firm posted $0.42 EPS. CDK Global's payout ratio is now 28.57%. Cipher Capital LP's holdings in CDK Global were worth $381,000 at the end of the most recent reporting period. Finally, Zacks Investment Research downgraded shares of CDK Global from a "buy" rating to a "hold" rating in a research note on Friday, November 3rd. Commonwealth Bank of Australia now owns 13,600 shares of the software maker's stock valued at $844,000 after acquiring an additional 100 shares during the period. BlackRock Inc. lifted its stake in CDK Global by 4.0% during the second quarter.

Analysts await The Walt Disney Company (NYSE:DIS) to report earnings on February, 6. CDK Global now has a consensus rating of "Buy" and a consensus price target of $72.60. CDK Global had a return on equity of 126.04% and a net margin of 13.44%. BidaskClub upgraded CDK Global from a "hold" rating to a "buy" rating in a report on Wednesday, October 11th. Thompson Siegel & Walmsley LLC raised its stake in CDK Global by 0.5% in the 2nd quarter. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37. The hedge fund run by Jeffrey Tannenbaum held 1.17 million shares of the miscellaneous company at the end of 2017Q2, valued at $72.30 million, down from 2.73M at the end of the previous reported quarter. Alps Advisors Inc. now owns 7,214 shares of the software maker's stock valued at $448,000 after buying an additional 19 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: "CDK Global (CDK) Receives Media Sentiment Rating of 0.08" was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune. CDK Global, Inc. (NASDAQ:CDK) has risen 18.92% since December 11, 2016 and is uptrending.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.60 annualized dividend and a yield of 0.86%.

According to The Banks Report, the lawsuit alleges CDK and Reynolds have conspired to eliminate competition for integration to dealer data and seize control over dealer and third-party data. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and worldwide copyright and trademark law. The Company's segments include Retail Solutions North America, Advertising North America and CDK International. JP Morgan maintained CDK Global, Inc. 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, fix and maintenance of vehicles.

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