Brokers Offer Predictions for CDK Global Inc’s Q4 2018 Earnings (CDK)

CDK Global Inc (NASDAQ:CDK) – Barrington Research upped their Q4 2018 EPS estimates for CDK Global in a research report issued on Tuesday. Barrington Research analyst G. Prestopino now anticipates that the software maker will post earnings of $0.79 per share for the quarter, up from their prior estimate of $0.77. Barrington Research has a “Buy” rating and a $75.00 price target on the stock.

CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The firm had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. CDK Global’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of CDK Global from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub raised shares of CDK Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.60.

CDK Global (NASDAQ:CDK) traded up $1.76 during mid-day trading on Wednesday, reaching $75.77. 1,995,527 shares of the company’s stock traded hands, compared to its average volume of 1,507,111. The stock has a market cap of $10,320.00, a PE ratio of 36.78, a P/E/G ratio of 1.60 and a beta of 0.78. The company has a debt-to-equity ratio of 297.80, a current ratio of 2.37 and a quick ratio of 2.37. CDK Global has a 12-month low of $59.33 and a 12-month high of $75.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from CDK Global’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. CDK Global’s payout ratio is currently 29.13%.

In other news, VP Jennifer A. Williams sold 1,984 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total transaction of $124,158.72. Following the completion of the sale, the vice president now directly owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its position in 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 purchasing an additional 100 shares during the period. D.A. Davidson & CO. boosted its position in 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 purchasing an additional 167 shares during the period. Associated Banc Corp boosted its position in CDK Global by 4.7% during the 2nd quarter. Associated Banc Corp now owns 3,965 shares of the software maker’s stock worth $246,000 after purchasing an additional 179 shares during the period. Private Advisor Group LLC boosted its position in CDK Global by 4.0% during the 2nd quarter. Private Advisor Group LLC now owns 5,865 shares of the software maker’s stock worth $366,000 after purchasing an additional 228 shares during the period. Finally, Zacks Investment Management boosted its position in CDK Global by 3.0% during the 2nd quarter. Zacks Investment Management now owns 9,374 shares of the software maker’s stock worth $582,000 after purchasing an additional 276 shares during the period. 87.50% of the stock is owned by institutional investors.

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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.

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