CDK Global (CDK) Earns News Impact Score of 0.09
News articles about CDK Global (NASDAQ:CDK) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CDK Global earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.1627484589272 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
CDK Global (CDK) traded down $0.09 during trading hours on Friday, reaching $71.34. 440,061 shares of the company were exchanged, compared to its average volume of 1,120,000. CDK Global has a 52 week low of $58.52 and a 52 week high of $72.25. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 297.80. The company has a market cap of $9,810.00, a price-to-earnings ratio of 34.63, a P/E/G ratio of 1.60 and a beta of 0.78.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The company had revenue of $565.70 million during the quarter, compared to analyst estimates of $569.28 million. During the same period in the prior year, the business posted $0.60 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. research analysts predict that CDK Global will post 2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. CDK Global’s dividend payout ratio (DPR) is presently 29.13%.
A number of equities analysts have commented on CDK shares. BidaskClub raised shares of CDK Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, October 3rd. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. Finally, Barrington Research set a $75.00 price target on shares of CDK Global and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CDK Global has a consensus rating of “Buy” and an average target price of $72.60.
In related news, VP Jennifer A. Williams sold 1,984 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total value of $124,158.72. Following the completion of the transaction, the vice president now directly owns 5,560 shares in the company, valued at approximately $347,944.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.
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CDK Global Company Profile
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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