Osborn Williams & Donohoe LLC lowered its position in CDK Global, Inc. (NASDAQ:CDK) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,899 shares of the company’s stock after selling 274 shares during the period. Osborn Williams & Donohoe LLC’s holdings in CDK Global were worth $471,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CDK. Vanguard Group Inc. raised its stake in CDK Global by 2.1% in the second quarter. Vanguard Group Inc. now owns 11,696,336 shares of the company’s stock worth $649,030,000 after buying an additional 239,327 shares in the last quarter. State Street Corp raised its stake in CDK Global by 1.9% in the second quarter. State Street Corp now owns 6,476,722 shares of the company’s stock worth $359,387,000 after buying an additional 121,391 shares in the last quarter. Blue Ridge Capital L.L.C. raised its stake in CDK Global by 0.4% in the second quarter. Blue Ridge Capital L.L.C. now owns 6,158,000 shares of the company’s stock worth $341,707,000 after buying an additional 26,400 shares in the last quarter. BlackRock Fund Advisors raised its stake in CDK Global by 0.8% in the third quarter. BlackRock Fund Advisors now owns 5,998,095 shares of the company’s stock worth $344,051,000 after buying an additional 48,674 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in CDK Global by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,476,105 shares of the company’s stock worth $248,379,000 after buying an additional 74,673 shares in the last quarter. 82.89% of the stock is currently owned by institutional investors.
CDK Global, Inc. (NASDAQ:CDK) traded up 0.08% during midday trading on Wednesday, hitting $59.96. 570,993 shares of the company were exchanged. The stock has a 50 day moving average of $59.54 and a 200 day moving average of $57.58. CDK Global, Inc. has a 1-year low of $40.33 and a 1-year high of $61.25. The firm has a market capitalization of $8.96 billion, a PE ratio of 36.41 and a beta of 0.72.
CDK Global (NASDAQ:CDK) last announced its earnings results on Wednesday, November 2nd. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $550.70 million for the quarter, compared to analyst estimates of $538.63 million. CDK Global had a net margin of 11.96% and a return on equity of 59.26%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities analysts predict that CDK Global, Inc. will post $2.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 20th were paid a dividend of $0.14 per share. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.93%. CDK Global’s payout ratio is presently 33.94%.
A number of equities research analysts recently weighed in on CDK shares. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Friday, November 4th. TheStreet upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. Finally, William Blair started coverage on shares of CDK Global in a report on Wednesday, October 12th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.75.
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.
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