Headlines about CDK Global (NASDAQ:CDK) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CDK Global earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.2131967084182 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s analysis:
Several analysts recently commented on the stock. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a report on Thursday, October 19th. BidaskClub raised shares of CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, October 3rd. Finally, Evercore ISI raised shares of CDK Global from an “in-line” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Monday, July 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $72.00.
CDK Global (CDK) opened at 66.66 on Friday. The stock has a 50 day moving average of $63.70 and a 200 day moving average of $63.09. The firm has a market capitalization of $9.34 billion, a PE ratio of 33.50 and a beta of 0.73. CDK Global has a 12 month low of $53.46 and a 12 month high of $67.49.
CDK Global (NASDAQ:CDK) last released its earnings results on Tuesday, August 1st. The software maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $565.40 million for 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 quarter last year, the firm posted $0.49 earnings per share. On average, equities analysts predict that CDK Global will post $2.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, September 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.84%. CDK Global’s dividend payout ratio is currently 28.00%.
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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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