Shelton Capital Management Sells 400 Shares of CDK Global, Inc. (CDK)
Shelton Capital Management decreased its position in CDK Global, Inc. (NASDAQ:CDK) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,263 shares of the software maker’s stock after selling 400 shares during the quarter. Shelton Capital Management’s holdings in CDK Global were worth $699,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CDK. Alpha Windward LLC grew its position in shares of CDK Global by 2.3% during the second quarter. Alpha Windward LLC now owns 1,618 shares of the software maker’s stock worth $100,000 after purchasing an additional 36 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of CDK Global by 5.6% during the second quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock worth $194,000 after purchasing an additional 167 shares in the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of CDK Global during the second quarter worth about $198,000. North American Management Corp grew its position in shares of CDK Global by 6.3% during the second quarter. North American Management Corp now owns 3,342 shares of the software maker’s stock worth $207,000 after purchasing an additional 199 shares in the last quarter. Finally, RiverPoint Capital Management LLC purchased a new stake in shares of CDK Global during the first quarter worth about $221,000. 85.01% of the stock is currently owned by institutional investors.
CDK Global, Inc. (NASDAQ CDK) opened at 64.66 on Friday. The firm’s 50-day moving average price is $62.90 and its 200 day moving average price is $63.03. The stock has a market cap of $9.06 billion, a PE ratio of 32.49 and a beta of 0.73. CDK Global, Inc. has a 12-month low of $53.46 and a 12-month high of $67.49.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $565.40 million during the quarter, compared to analyst estimates of $556.68 million. CDK Global had a return on equity of 204.80% and a net margin of 13.31%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Analysts anticipate that CDK Global, Inc. will post $2.95 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.87%. CDK Global’s dividend payout ratio (DPR) is presently 28.00%.
Several analysts recently issued reports on CDK shares. Zacks Investment Research upgraded CDK Global from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet cut CDK Global from a “c” rating to a “d+” rating in a report on Tuesday, August 1st. Wells Fargo & Company upgraded CDK Global from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Wednesday, June 21st. Finally, Evercore ISI upgraded CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price target for the company in a report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. CDK Global has an average rating of “Buy” and a consensus price target of $72.00.
CDK Global 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.
Want to see what other hedge funds are holding CDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CDK Global, Inc. (NASDAQ:CDK).
Receive News & Ratings for CDK Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDK Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.