BidaskClub upgraded shares of CDK Global (NASDAQ:CDK) from a hold rating to a buy rating in a research report report published on Wednesday.

Several other brokerages have also recently commented on CDK. Zacks Investment Research upgraded shares of CDK Global from a sell rating to a hold rating in a research note on Tuesday, October 16th. Barrington Research reiterated a buy rating and issued a $80.00 price target on shares of CDK Global in a research note on Monday, November 5th. Oppenheimer set a $67.00 price target on shares of CDK Global and gave the stock a buy rating in a research note on Tuesday, February 5th. Wells Fargo & Co cut shares of CDK Global from an outperform rating to a market perform rating in a research note on Thursday, November 8th. Finally, Morgan Stanley set a $62.00 price target on shares of CDK Global and gave the stock a hold rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. CDK Global has a consensus rating of Hold and an average price target of $67.25.

CDK opened at $58.19 on Wednesday. CDK Global has a fifty-two week low of $44.01 and a fifty-two week high of $71.70. The firm has a market cap of $7.14 billion, a P/E ratio of 19.14, a PEG ratio of 1.55 and a beta of 0.65.

CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, February 5th. The software maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.12. The company had revenue of $590.40 million for the quarter, compared to analysts’ expectations of $578.91 million. CDK Global had a net margin of 16.36% and a negative return on equity of 135.00%. CDK Global’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. As a group, research analysts expect that CDK Global will post 3.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 28th. CDK Global’s payout ratio is currently 19.74%.

In related news, insider Neil Packham purchased 588 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were acquired at an average price of $47.76 per share, for a total transaction of $28,082.88. Following the purchase, the insider now directly owns 588 shares in the company, valued at $28,082.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CDK. Bruderman Asset Management LLC increased its holdings in shares of CDK Global by 722.7% in the 4th quarter. Bruderman Asset Management LLC now owns 543 shares of the software maker’s stock worth $26,000 after buying an additional 477 shares during the last quarter. CX Institutional bought a new stake in shares of CDK Global in the 4th quarter worth about $27,000. Essex Investment Management Co. LLC bought a new stake in shares of CDK Global in the 4th quarter worth about $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of CDK Global in the 4th quarter worth about $32,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of CDK Global by 4,688.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,470,752 shares of the software maker’s stock worth $52,000 after buying an additional 2,419,149 shares during the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

CDK Global Company Profile

CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.

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