Crossmark Global Holdings Inc. acquired a new stake in CDK Global, Inc. (NASDAQ:CDK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,562 shares of the software maker’s stock, valued at approximately $982,000.
A number of other large investors have also added to or reduced their stakes in the business. Alps Advisors Inc. grew its position in shares of CDK Global by 0.3% in the second 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 during the last quarter. Alpha Windward LLC grew its position in shares of CDK Global by 2.3% in the second quarter. Alpha Windward LLC now owns 1,618 shares of the software maker’s stock valued at $100,000 after purchasing an additional 36 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of CDK Global by 0.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 19,191 shares of the software maker’s stock valued at $1,191,000 after purchasing an additional 100 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of CDK Global by 0.7% in the second quarter. Commonwealth Bank of Australia now owns 13,600 shares of the software maker’s stock valued at $844,000 after purchasing an additional 100 shares during the last quarter. Finally, World Asset Management Inc grew its position in shares of CDK Global by 1.0% in the second quarter. World Asset Management Inc now owns 10,385 shares of the software maker’s stock valued at $644,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 85.62% of the company’s stock.
Shares of CDK Global, Inc. (NASDAQ:CDK) opened at $63.40 on Friday. The stock has a market capitalization of $8,719.91, a P/E ratio of 25.16, a P/E/G ratio of 1.43 and a beta of 0.72. CDK Global, Inc. has a 12-month low of $54.56 and a 12-month high of $67.49. 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 issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $565.70 million for the quarter, compared to the consensus estimate of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. analysts forecast that CDK Global, Inc. will post 2.96 EPS for the current fiscal year.
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Several research firms have recently commented on CDK. Barrington Research set a $75.00 target price on CDK Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research downgraded CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.60.
In other CDK Global news, VP Jennifer A. Williams sold 1,984 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total value of $124,158.72. Following the sale, the vice president now owns 5,560 shares of the company’s stock, valued at approximately $347,944.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.
CDK Global 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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