According to Zacks, “CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois. “
Shares of CDK Global (NASDAQ:CDK) opened at 56.13 on Wednesday. The stock has a market capitalization of $8.43 billion, a P/E ratio of 37.17 and a beta of 0.65. The stock has a 50 day moving average of $57.36 and a 200-day moving average of $54.44. CDK Global has a 1-year low of $39.67 and a 1-year high of $60.09.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. The business earned $542.20 million during the quarter, compared to the consensus estimate of $533.84 million. CDK Global had a net margin of 11.32% and a return on equity of 45.25%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts predict that CDK Global will post $2.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.135 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.54 annualized dividend and a yield of 0.96%. CDK Global’s dividend payout ratio (DPR) is currently 35.76%.
Institutional investors have recently bought and sold shares of the stock. WFG Advisors LP increased its position in CDK Global by 0.8% in the second quarter. WFG Advisors LP now owns 1,803 shares of the company’s stock valued at $100,000 after buying an additional 15 shares during the period. Van ECK Associates Corp increased its position in CDK Global by 37.5% in the second quarter. Van ECK Associates Corp now owns 2,087 shares of the company’s stock valued at $116,000 after buying an additional 569 shares during the period. M&R Capital Management Inc. acquired a new position in CDK Global during the second quarter valued at $182,000. Strs Ohio boosted its stake in CDK Global by 21.7% in the second quarter. Strs Ohio now owns 3,394 shares of the company’s stock valued at $188,000 after buying an additional 606 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in CDK Global during the second quarter valued at about $196,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.
About CDK Global
CDK Global, Inc is a provider of integrated information technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s segments are Automotive Retail North America (ARNA), Automotive Retail International (ARI) and Digital Marketing (DM). The Company’s solutions automate workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, and repair and maintenance of vehicles.
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