News headlines about CDK Global (NASDAQ:CDK) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CDK Global earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.1439894987665 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
NASDAQ CDK traded down $0.80 on Friday, hitting $63.49. 920,216 shares of the stock were exchanged, compared to its average volume of 1,131,294. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of -11.19. The firm has a market capitalization of $8,543.15, a price-to-earnings ratio of 26.13, a PEG ratio of 1.30 and a beta of 0.77. CDK Global has a 52-week low of $59.33 and a 52-week high of $76.04.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The company had revenue of $561.70 million during the quarter, compared to analyst estimates of $564.94 million. During the same period in the previous year, the firm earned $0.55 earnings per share. CDK Global’s quarterly revenue was up 2.5% compared to the same quarter last year. equities research analysts anticipate that CDK Global will post 3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. CDK Global’s dividend payout ratio (DPR) is 24.69%.
CDK has been the subject of a number of recent research reports. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, January 31st. Morgan Stanley lifted their price objective on shares of CDK Global from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Barrington Research reaffirmed a “hold” rating on shares of CDK Global in a research note on Monday, March 26th. Wells Fargo reaffirmed an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. Finally, BidaskClub lowered shares of CDK Global from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. CDK Global presently has an average rating of “Hold” and an average price target of $76.80.
In other news, insider Rajiv K. Amar sold 1,968 shares of CDK Global stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $69.85, for a total transaction of $137,464.80. Following the completion of the sale, the insider now directly owns 11,072 shares in the company, valued at $773,379.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott L. Mathews sold 5,514 shares of CDK Global stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $68.91, for a total value of $379,969.74. Following the sale, the executive vice president now owns 48,520 shares of the company’s stock, valued at $3,343,513.20. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.
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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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