Auxier Asset Management Has $245,000 Position in CDK Global, Inc. (CDK)
Auxier Asset Management reduced its position in shares of CDK Global, Inc. (NASDAQ:CDK) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 4,272 shares of the company’s stock after selling 16 shares during the period. Auxier Asset Management’s holdings in CDK Global were worth $245,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Partners LLC increased its position in CDK Global by 0.8% in the third quarter. Advisor Partners LLC now owns 3,704 shares of the company’s stock worth $212,000 after buying an additional 31 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in CDK Global by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,422 shares of the company’s stock worth $522,000 after buying an additional 75 shares during the period. First Citizens Bank & Trust Co. increased its position in CDK Global by 1.6% in the third quarter. First Citizens Bank & Trust Co. now owns 4,935 shares of the company’s stock worth $283,000 after buying an additional 78 shares during the period. Court Place Advisors LLC increased its position in CDK Global by 0.4% in the third quarter. Court Place Advisors LLC now owns 23,388 shares of the company’s stock worth $1,342,000 after buying an additional 89 shares during the period. Finally, Geneva Advisors LLC increased its position in CDK Global by 1.8% in the third quarter. Geneva Advisors LLC now owns 5,911 shares of the company’s stock worth $339,000 after buying an additional 105 shares during the period. 82.92% of the stock is currently owned by institutional investors.
Shares of CDK Global, Inc. (NASDAQ:CDK) opened at 65.01 on Friday. The company’s 50-day moving average price is $62.08 and its 200 day moving average price is $58.52. CDK Global, Inc. has a 52 week low of $42.11 and a 52 week high of $65.94. The firm has a market cap of $9.43 billion, a P/E ratio of 36.87 and a beta of 0.72.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $547.80 million for the quarter, compared to analysts’ expectations of $545.74 million. CDK Global had a net margin of 12.47% and a return on equity of 83.46%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that CDK Global, Inc. will post $2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st will be paid a $0.14 dividend. The ex-dividend date is Monday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.86%. CDK Global’s dividend payout ratio (DPR) is 31.64%.
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A number of research analysts have recently weighed in on the company. Zacks Investment Research raised CDK Global from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday, November 4th. TheStreet downgraded CDK Global from a “b-” rating to a “d+” rating in a research note on Thursday, February 2nd. Finally, Morgan Stanley raised CDK Global from an “underweight” rating to an “equal weight” rating and set a $70.00 price target on the stock in a research note on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CDK Global presently has a consensus rating of “Hold” and a consensus price target of $64.00.
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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