CDK Global (NASDAQ:CDK) Given Media Sentiment Rating of 0.17
Press coverage about CDK Global (NASDAQ:CDK) has been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CDK Global earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.0496250175683 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Form 4 CDK Global, Inc. For: Aug 08 Filed by: TAUTGES JOSEPH A (streetinsider.com)
- CDK Global, Inc. (CDK) Short Interest Update (americanbankingnews.com)
- CDK Global, Inc. :CDK-US: Earnings Analysis: 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Court hits pause on DMS access case – Automotive News (subscription) (blog) (autonews.com)
- Federal Trade Commission probes Reynolds, CDK – MyDaytonDailyNews (mydaytondailynews.com)
CDK has been the subject of several analyst reports. BidaskClub upgraded shares of CDK Global from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet upgraded shares of CDK Global from a “d+” rating to a “c” rating in a research report on Monday, May 8th. Wells Fargo & Company upgraded shares of CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Wednesday, June 21st. Finally, Evercore ISI upgraded shares of CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Monday, July 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.75.
Shares of CDK Global (NASDAQ:CDK) traded up 0.23% on Friday, reaching $61.29. 578,843 shares of the company were exchanged. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 30.80 and a beta of 0.74. CDK Global has a 12 month low of $53.46 and a 12 month high of $67.49. The company’s 50-day moving average price is $63.27 and its 200 day moving average price is $63.71.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, August 1st. The software maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $565.40 million during the quarter, compared to the consensus estimate of $556.68 million. CDK Global had a net margin of 13.31% and a return on equity of 204.80%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, equities research analysts expect that CDK Global will post $2.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 11th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, September 8th. CDK Global’s dividend payout ratio (DPR) is 28.00%.
In related news, insider Brian P. Macdonald acquired 5,000 shares of CDK Global stock in a transaction dated Friday, May 26th. The stock was bought at an average price of $60.47 per share, with a total value of $302,350.00. Following the transaction, the insider now directly owns 96,877 shares in the company, valued at approximately $5,858,152.19. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
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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