CDK Global, Inc. (CDK) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in shares of CDK Global, Inc. (NASDAQ:CDK) by 54.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,632 shares of the software maker’s stock after acquiring an additional 33,941 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of CDK Global worth $6,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in CDK Global by 0.3% in the 2nd 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 in the last quarter. Commonwealth Bank of Australia raised its position in shares of CDK Global by 0.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 13,600 shares of the software maker’s stock worth $844,000 after acquiring an additional 100 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of CDK Global by 0.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 19,191 shares of the software maker’s stock worth $1,191,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of CDK Global by 0.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 14,835 shares of the software maker’s stock worth $921,000 after acquiring an additional 129 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of CDK Global by 5.6% during the 2nd quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock worth $194,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 87.45% of the company’s stock.

In other CDK Global news, VP Jennifer A. Williams sold 1,984 shares of CDK Global stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total transaction of $124,158.72. Following the transaction, the vice president now owns 5,560 shares of the company’s stock, valued at $347,944.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.39% of the company’s stock.

CDK has been the topic of several research analyst reports. Zacks Investment Research lowered CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. BidaskClub lowered CDK Global from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, Barrington Research set a $75.00 target price on CDK Global and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CDK Global currently has a consensus rating of “Buy” and a consensus price target of $72.60.

CDK Global, Inc. (NASDAQ:CDK) opened at $71.34 on Friday. The company has a market capitalization of $9,810.00, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.60 and a beta of 0.78. CDK Global, Inc. has a 12-month low of $58.52 and a 12-month high of $72.25. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37.

CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The company had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. equities analysts expect that CDK Global, Inc. will post 2.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a dividend of $0.15 per share. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.60 annualized dividend and a yield of 0.84%. CDK Global’s payout ratio is 29.13%.

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About CDK Global

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

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