CDK Global Inc (NASDAQ:CDK) General Counsel Lee J. Brunz sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $43.30, for a total value of $21,650.00. Following the transaction, the general counsel now owns 40,628 shares in the company, valued at $1,759,192.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of CDK stock traded up $1.23 during trading hours on Friday, reaching $44.96. The company’s stock had a trading volume of 2,833,181 shares, compared to its average volume of 987,216. The stock has a market capitalization of $5.77 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.23 and a beta of 0.85. CDK Global Inc has a one year low of $43.10 and a one year high of $64.77. The firm’s fifty day simple moving average is $50.21 and its 200 day simple moving average is $53.75.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The firm had revenue of $488.60 million for the quarter, compared to analyst estimates of $585.10 million. CDK Global had a negative return on equity of 105.36% and a net margin of 5.55%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Analysts expect that CDK Global Inc will post 3.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.33%. CDK Global’s dividend payout ratio is currently 19.11%.

Several equities analysts recently issued reports on the company. Barrington Research restated a “buy” rating on shares of CDK Global in a research report on Monday, April 29th. Zacks Investment Research lowered CDK Global from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine upgraded CDK Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub lowered CDK Global from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. CDK Global has a consensus rating of “Hold” and an average target price of $67.75.

Several hedge funds have recently modified their holdings of CDK. Berman Capital Advisors LLC lifted its stake in shares of CDK Global by 76.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 623 shares of the software maker’s stock valued at $30,000 after purchasing an additional 269 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CDK Global in the 1st quarter valued at approximately $33,000. Cordasco Financial Network purchased a new position in shares of CDK Global in the 2nd quarter valued at approximately $33,000. Wealthcare Advisory Partners LLC lifted its stake in shares of CDK Global by 224.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 692 shares of the software maker’s stock valued at $34,000 after purchasing an additional 479 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of CDK Global in the 2nd quarter valued at approximately $44,000. 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.

Featured Article: What strategies should day traders use to execute a trade?

Receive News & Ratings for CDK Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global and related companies with MarketBeat.com's FREE daily email newsletter.