CDK Global, Inc. (CDK) Position Held by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. maintained its position in CDK Global, Inc. (NASDAQ:CDK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,933 shares of the software maker’s stock at the end of the second quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in CDK Global were worth $3,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its position in shares of CDK Global by 7.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 26,817 shares of the software maker’s stock worth $1,488,000 after purchasing an additional 1,828 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of CDK Global by 0.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 19,191 shares of the software maker’s stock worth $1,191,000 after purchasing an additional 100 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of CDK Global during the second quarter worth about $823,000. Swiss National Bank lifted its position in shares of CDK Global by 5.7% during the second 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 in the last quarter. Finally, Commerce Bank lifted its position in shares of CDK Global by 47.0% during the second quarter. Commerce Bank now owns 33,552 shares of the software maker’s stock worth $2,082,000 after purchasing an additional 10,731 shares in the last quarter. 85.06% of the stock is currently owned by institutional investors.

CDK Global, Inc. (NASDAQ CDK) opened at 61.27 on Wednesday. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 30.79 and a beta of 0.75. CDK Global, Inc. has a 52 week low of $53.46 and a 52 week high of $67.49. The firm has a 50-day moving average of $63.19 and a 200 day moving average of $63.50.

CDK Global (NASDAQ:CDK) last announced its earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The company had revenue of $565.40 million for the quarter, compared to analyst estimates of $556.68 million. During the same period in the prior year, the company posted $0.49 EPS. CDK Global’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts anticipate that CDK Global, Inc. will post $2.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, September 8th. CDK Global’s payout ratio is 28.00%.

Several analysts recently weighed in on the stock. BidaskClub cut shares of CDK Global from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company raised shares of CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Wednesday, June 21st. Zacks Investment Research cut shares of CDK Global from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Evercore ISI raised shares of CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 target price on the stock in a report on Monday, July 10th. Finally, TheStreet cut shares of CDK Global from a “c” rating to a “d+” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. CDK Global presently has an average rating of “Hold” and a consensus price target of $71.75.

COPYRIGHT VIOLATION NOTICE: “CDK Global, Inc. (CDK) Position Held by Los Angeles Capital Management & Equity Research Inc.” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://sportsperspectives.com/2017/09/13/cdk-global-inc-cdk-position-held-by-los-angeles-capital-management-equity-research-inc.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.

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).

Institutional Ownership by Quarter for CDK Global (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.

Latest News

Leave a Reply