Barrington Research lowered shares of CDK Global (NASDAQ:CDK) from an outperform rating to a market perform rating in a research report released on Wednesday morning, MarketBeat Ratings reports. Barrington Research currently has $75.00 target price on the software maker’s stock. The analysts noted that the move was a valuation call.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of CDK Global from a buy rating to a hold rating in a research report on Friday, November 3rd. BidaskClub cut shares of CDK Global from a buy rating to a hold rating in a research report on Thursday, November 2nd. Finally, TheStreet upgraded shares of CDK Global from a c+ rating to a b- rating in a research report on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $72.60.

CDK Global (CDK) traded up $0.18 during trading on Wednesday, hitting $73.38. 894,032 shares of the stock traded hands, compared to its average volume of 1,140,000. The company has a market capitalization of $10,120.00, a PE ratio of 35.62, a P/E/G ratio of 1.64 and a beta of 0.78. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37. CDK Global has a 52-week low of $59.33 and a 52-week high of $76.04.

CDK Global (NASDAQ:CDK) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.68. The firm had revenue of $565.70 million for the quarter, compared to analysts’ expectations of $569.28 million. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. sell-side analysts expect that CDK Global will post 2.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, February 28th. CDK Global’s dividend payout ratio is presently 29.13%.

In related news, VP Jennifer A. Williams sold 1,984 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total value of $124,158.72. Following the sale, the vice president now owns 5,560 shares in the company, valued at $347,944.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in CDK Global during the third quarter worth $145,000. D.A. Davidson & CO. boosted its stake in CDK Global by 5.6% during the second quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock worth $194,000 after buying an additional 167 shares during the period. IFM Investors Pty Ltd purchased a new position in CDK Global during the third quarter worth $275,000. Boothbay Fund Management LLC purchased a new position in CDK Global during the third quarter worth $321,000. Finally, BB&T Securities LLC boosted its stake in CDK Global by 46.5% during the third quarter. BB&T Securities LLC now owns 5,398 shares of the software maker’s stock worth $340,000 after buying an additional 1,714 shares during the period. 87.52% of the stock is owned by institutional investors.

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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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