CDK Global (CDK) Getting Somewhat Positive Media Coverage, Study Shows

Headlines about CDK Global (NASDAQ:CDK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CDK Global earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 47.2535355436407 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern’s analysis:

Shares of CDK Global (NASDAQ:CDK) traded down $0.75 during midday trading on Wednesday, hitting $73.82. 1,119,270 shares of the stock were exchanged, compared to its average volume of 1,140,000. The firm has a market capitalization of $10,150.00, a PE ratio of 35.83, a P/E/G ratio of 1.70 and a beta of 0.78. CDK Global has a 52-week low of $59.33 and a 52-week high of $76.04. The company has a debt-to-equity ratio of 297.80, a current ratio of 2.37 and a quick ratio of 2.37.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. The firm had revenue of $565.70 million during the quarter, compared to analysts’ expectations of $569.28 million. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. research analysts forecast that CDK Global will post 2.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were given a dividend of $0.15 per share. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, November 30th. CDK Global’s dividend payout ratio (DPR) is presently 29.13%.

A number of equities analysts recently weighed in on the stock. Barrington Research downgraded shares of CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 target price for the company. in a research note on Wednesday. They noted that the move was a valuation call. BidaskClub downgraded shares of CDK Global from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.60.

In related news, VP Jennifer A. Williams sold 1,984 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total transaction of $124,158.72. Following the transaction, the vice president now directly owns 5,560 shares of the company’s stock, valued at $347,944.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

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About CDK Global

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.

Insider Buying and Selling by Quarter for CDK Global (NASDAQ:CDK)

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