CDK Global Inc (NASDAQ:CDK) – Investment analysts at William Blair cut their Q2 2021 earnings per share estimates for CDK Global in a research note issued on Tuesday, November 5th. William Blair analyst M. Pfau now expects that the software maker will earn $0.80 per share for the quarter, down from their prior estimate of $0.83. William Blair also issued estimates for CDK Global’s Q3 2021 earnings at $0.89 EPS and Q4 2021 earnings at $0.87 EPS.

CDK Global (NASDAQ:CDK) last posted its earnings results on Tuesday, November 5th. The software maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $485.00 million. CDK Global had a negative return on equity of 75.74% and a net margin of 5.32%. CDK Global’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share.

CDK has been the topic of several other reports. BidaskClub raised CDK Global from a “buy” rating to a “strong-buy” rating in a report on Thursday. ValuEngine lowered CDK Global from a “hold” rating to a “sell” rating in a report on Friday. Barrington Research reaffirmed a “buy” rating and set a $65.00 target price on shares of CDK Global in a report on Monday, August 19th. Finally, Zacks Investment Research lowered CDK Global from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.67.

CDK Global stock opened at $51.78 on Friday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. CDK Global has a 52 week low of $41.50 and a 52 week high of $63.90. The business’s 50-day moving average price is $48.24 and its 200 day moving average price is $49.37.

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its position in shares of CDK Global by 2.0% in the first quarter. First Trust Advisors LP now owns 26,815 shares of the software maker’s stock valued at $1,577,000 after acquiring an additional 524 shares in the last quarter. DNB Asset Management AS lifted its position in shares of CDK Global by 8.5% in the second quarter. DNB Asset Management AS now owns 92,953 shares of the software maker’s stock valued at $4,596,000 after acquiring an additional 7,300 shares in the last quarter. Denali Advisors LLC lifted its position in shares of CDK Global by 6.1% in the second quarter. Denali Advisors LLC now owns 125,600 shares of the software maker’s stock valued at $6,210,000 after acquiring an additional 7,200 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of CDK Global by 162.0% in the second quarter. Carroll Financial Associates Inc. now owns 1,556 shares of the software maker’s stock valued at $76,000 after acquiring an additional 962 shares in the last quarter. Finally, Cordasco Financial Network purchased a new position in shares of CDK Global in the second quarter valued at approximately $33,000. Institutional investors own 80.80% of the company’s stock.

About CDK Global

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 Story: What is the definition of market timing?

Earnings History and Estimates for CDK Global (NASDAQ:CDK)

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.