SG Americas Securities LLC lessened its position in CDK Global, Inc. (NASDAQ:CDK) by 71.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,199 shares of the software maker’s stock after selling 32,431 shares during the period. SG Americas Securities LLC’s holdings in CDK Global were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. raised its holdings in shares of CDK Global by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,214 shares of the software maker’s stock valued at $448,000 after purchasing an additional 19 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of CDK Global by 0.7% during the second quarter. Commonwealth Bank of Australia now owns 13,600 shares of the software maker’s stock valued at $844,000 after purchasing an additional 100 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of CDK Global by 0.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 19,191 shares of the software maker’s stock valued at $1,191,000 after purchasing an additional 100 shares during the last quarter. World Asset Management Inc raised its holdings in shares of CDK Global by 1.0% during the second quarter. World Asset Management Inc now owns 10,385 shares of the software maker’s stock valued at $644,000 after purchasing an additional 105 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of CDK Global by 0.9% during the second quarter. Advisors Asset Management Inc. now owns 14,835 shares of the software maker’s stock valued at $921,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Several research analysts have recently weighed in on the stock. Barrington Research set a $75.00 price objective on shares of CDK Global and gave the company a “buy” rating in a report on Tuesday, October 31st. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. BidaskClub raised shares of CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $72.60.

In other CDK Global news, VP Jennifer A. Williams sold 1,984 shares of the company’s stock in a transaction that occurred on 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 $347,944.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.39% of the company’s stock.

Shares of CDK Global, Inc. (NASDAQ:CDK) opened at $69.54 on Tuesday. CDK Global, Inc. has a twelve month low of $56.72 and a twelve month high of $69.86. The company has a market cap of $9,457.11, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.75. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 297.80.

CDK Global (NASDAQ:CDK) last announced its 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 business had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. equities research analysts predict that CDK Global, Inc. will post 2.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.15 per share. This is a boost from CDK Global’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, November 30th. CDK Global’s dividend payout ratio is currently 29.13%.

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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.

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

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