Robeco Institutional Asset Management B.V. cut its holdings in CDK Global Inc (NASDAQ:CDK) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,826 shares of the software maker’s stock after selling 9,082 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in CDK Global were worth $2,330,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Icon Advisers Inc. Co. lifted its stake in CDK Global by 0.7% during the 2nd quarter. Icon Advisers Inc. Co. now owns 218,296 shares of the software maker’s stock valued at $14,200,000 after acquiring an additional 1,568 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in CDK Global during the 2nd quarter valued at about $2,172,000. State of Wisconsin Investment Board lifted its stake in CDK Global by 3.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 149,646 shares of the software maker’s stock valued at $9,734,000 after acquiring an additional 4,397 shares during the period. KBC Group NV lifted its stake in CDK Global by 302.3% during the 2nd quarter. KBC Group NV now owns 753,339 shares of the software maker’s stock valued at $49,005,000 after acquiring an additional 566,066 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its stake in CDK Global by 91.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 210,700 shares of the software maker’s stock valued at $13,706,000 after acquiring an additional 100,700 shares during the period. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CDK opened at $61.60 on Tuesday. CDK Global Inc has a twelve month low of $59.84 and a twelve month high of $76.04. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of -7.42. The company has a market capitalization of $8.01 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.66 and a beta of 0.69.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings data on Tuesday, August 14th. The software maker reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. CDK Global had a net margin of 16.75% and a negative return on equity of 235.59%. The firm had revenue of $569.20 million for the quarter, compared to analysts’ expectations of $578.99 million. During the same quarter in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. analysts expect that CDK Global Inc will post 3.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, August 31st. CDK Global’s dividend payout ratio (DPR) is presently 19.74%.

Several equities analysts have issued reports on CDK shares. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Friday, April 27th. Barrington Research upgraded shares of CDK Global from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, May 29th. ValuEngine upgraded shares of CDK Global from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. BidaskClub cut shares of CDK Global from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Finally, Morgan Stanley lowered their price objective on shares of CDK Global from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, April 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $75.00.

About CDK Global

CDK Global, Inc provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.

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Institutional Ownership by Quarter for CDK Global (NASDAQ:CDK)

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