Headlines about CDK Global (NASDAQ:CDK) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 coverage optimism score of 0.10 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.2266490719301 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- CDK Global Sees Relative Strength Rating Climb To 72 (finance.yahoo.com)
- Barrington Research Comments on CDK Global Inc’s Q2 2018 Earnings (CDK) (americanbankingnews.com)
- Equities Analysts Set Expectations for CDK Global Inc’s Q4 2018 Earnings (CDK) (americanbankingnews.com)
- CDK Global, Inc. (NASDAQ:CDK) – Hot Stock under Consideration – Nasdaq Journal (press release) (nasdaqjournal.com)
CDK has been the topic of a number of recent analyst reports. Barrington Research set a $75.00 target price on CDK Global and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered CDK Global from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. TheStreet raised CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, BidaskClub lowered CDK Global from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $72.60.
Shares of CDK Global (NASDAQ:CDK) traded up $1.76 during mid-day trading on Friday, hitting $75.77. The stock had a trading volume of 1,995,527 shares, compared to its average volume of 1,507,111. CDK Global has a twelve month low of $59.33 and a twelve month high of $75.83. 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 stock has a market capitalization of $10,320.00, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 1.60 and a beta of 0.78.
CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. The business had revenue of $565.70 million for the quarter, compared to the consensus estimate of $569.28 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. CDK Global’s revenue for the quarter was up 2.7% compared to the same quarter last year. analysts anticipate that CDK Global will post 2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were issued a dividend of $0.15 per share. This is an increase from CDK Global’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. CDK Global’s payout ratio is currently 29.13%.
In other CDK Global news, VP Jennifer A. Williams sold 1,984 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total value of $124,158.72. Following the transaction, the vice president now owns 5,560 shares in the company, valued at $347,944.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.
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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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