CDK Global Target of Unusually High Options Trading (CDK)

CDK Global Inc (NASDAQ:CDK) saw unusually large options trading on Wednesday. Stock traders purchased 6,314 call options on the stock. This is an increase of approximately 1,010% compared to the average daily volume of 569 call options.

Shares of CDK Global (CDK) opened at $73.38 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 297.80. The firm has a market capitalization of $10,090.00, a price-to-earnings ratio of 35.62, a PEG ratio of 1.65 and a beta of 0.78. CDK Global has a twelve month low of $59.33 and a twelve month high of $76.04.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. The business had revenue of $565.70 million during 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 company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. analysts forecast that CDK Global will post 2.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.82%. CDK Global’s dividend payout ratio (DPR) is 29.13%.

In other news, VP Jennifer A. Williams sold 1,984 shares of the 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 completion of 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. acquired a new stake in shares of CDK Global in the third quarter valued at $145,000. D.A. Davidson & CO. lifted its holdings in shares of CDK Global by 5.6% in the second quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock valued at $194,000 after buying an additional 167 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of CDK Global in the third quarter valued at $275,000. Boothbay Fund Management LLC acquired a new stake in shares of CDK Global in the third quarter valued at $321,000. Finally, BB&T Securities LLC lifted its holdings in shares of CDK Global by 46.5% in the third quarter. BB&T Securities LLC now owns 5,398 shares of the software maker’s stock valued at $340,000 after buying an additional 1,714 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

Several research firms have recently issued reports on CDK. Barrington Research cut CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a research note on Wednesday. They noted that the move was a valuation call. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research cut CDK Global from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.60.

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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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