Toronto Dominion Bank grew its stake in CDK Global, Inc. (NASDAQ:CDK) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 505,519 shares of the software maker’s stock after acquiring an additional 3,916 shares during the quarter. Toronto Dominion Bank owned 0.37% of CDK Global worth $31,889,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CDK. New York State Common Retirement Fund lifted its holdings in shares of CDK Global by 1.5% during the third quarter. New York State Common Retirement Fund now owns 297,900 shares of the software maker’s stock valued at $18,795,000 after purchasing an additional 4,500 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of CDK Global by 11.5% during the third quarter. Sei Investments Co. now owns 11,413 shares of the software maker’s stock valued at $719,000 after purchasing an additional 1,174 shares in the last quarter. HL Financial Services LLC lifted its holdings in shares of CDK Global by 6.5% during the third quarter. HL Financial Services LLC now owns 13,335 shares of the software maker’s stock valued at $841,000 after purchasing an additional 813 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of CDK Global by 66.3% during the third quarter. Candriam Luxembourg S.C.A. now owns 17,560 shares of the software maker’s stock valued at $1,108,000 after purchasing an additional 7,000 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of CDK Global by 16.7% during the third quarter. State of Tennessee Treasury Department now owns 70,000 shares of the software maker’s stock valued at $4,416,000 after purchasing an additional 10,000 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Jennifer A. Williams sold 1,984 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total transaction of $124,158.72. Following the completion of the sale, the vice president now owns 5,560 shares in the company, valued at $347,944.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.
CDK Global, Inc. (NASDAQ:CDK) traded down $0.19 during trading on Monday, reaching $63.40. The company had a trading volume of 1,224,200 shares, compared to its average volume of 886,178. The stock has a market capitalization of $8,719.91, a PE ratio of 25.16, a PEG ratio of 1.43 and a beta of 0.72. 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, Inc. has a 12 month low of $54.56 and a 12 month high of $67.49.
CDK Global (NASDAQ:CDK) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. The company had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. CDK Global’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. equities research analysts anticipate that CDK Global, Inc. will post 2.96 EPS for the current fiscal year.
A number of research analysts have recently issued reports on CDK shares. TheStreet downgraded CDK Global from a “c” rating to a “d+” rating in a report on Tuesday, August 1st. BidaskClub raised CDK Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Barrington Research set a $75.00 price target on CDK Global and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded CDK Global from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $72.60.
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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