Unigestion Holding SA Lowers Stake in CDK Global Inc (NASDAQ:CDK)

Unigestion Holding SA cut its stake in CDK Global Inc (NASDAQ:CDK) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,404 shares of the software maker’s stock after selling 645 shares during the quarter. Unigestion Holding SA’s holdings in CDK Global were worth $260,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. River & Mercantile Asset Management LLP purchased a new position in CDK Global in the 2nd quarter valued at about $31,000. Berman Capital Advisors LLC raised its holdings in CDK Global by 76.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 623 shares of the software maker’s stock valued at $30,000 after acquiring an additional 269 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in CDK Global by 73.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 654 shares of the software maker’s stock valued at $31,000 after acquiring an additional 278 shares during the last quarter. Cordasco Financial Network acquired a new stake in CDK Global in the 2nd quarter valued at about $33,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in CDK Global by 224.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 692 shares of the software maker’s stock valued at $34,000 after acquiring an additional 479 shares during the last quarter. 80.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of CDK Global from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded shares of CDK Global from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research reiterated a “buy” rating and issued a $65.00 price objective on shares of CDK Global in a report on Monday, August 19th. Finally, ValuEngine downgraded shares of CDK Global from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $64.67.

CDK stock traded up $0.79 during mid-day trading on Friday, reaching $51.78. The company’s stock had a trading volume of 401,900 shares, compared to its average volume of 922,132. CDK Global Inc has a fifty-two week low of $41.50 and a fifty-two week high of $63.90. The stock has a market cap of $6.41 billion, a PE ratio of 16.49, a P/E/G ratio of 1.57 and a beta of 0.92. The company’s 50 day moving average is $48.24 and its two-hundred day moving average is $49.37.

CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The company had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $485.00 million. CDK Global had a net margin of 5.32% and a negative return on equity of 75.74%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. On average, research analysts forecast that CDK Global Inc will post 3.2 earnings per share for the current year.

About CDK Global

CDK Global, Inc provides software and technology solutions for automotive retailers in the United States and internationally. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. The company offers Dealer Management System (DMS), a portfolio of layered software applications and services for automotive retailers, original equipment manufacturers (OEMs), consumers, and other industry participants manage the acquisition, sale, financing, insuring, parts supply, and repair and maintenance of vehicles.

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Institutional Ownership by Quarter for CDK Global (NASDAQ:CDK)

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