Media stories about CDK Global (NASDAQ:CDK) have trended somewhat positive recently, according to AlphaOne. The research firm, a service of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CDK Global earned a media sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also gave headlines about the software maker an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Tracking ATR Levels on Shares of CDK Global Inc (CDK) – SKV News (skvnews.com)
- Middleton & Co Inc Buys CDK Global, iShares Core S&P 5……, American Tower, Sells Biogen, CVS Health, Foot Locker – GuruFocus.com (gurufocus.com)
- Ackroo integrates with CDK Global DMS – Yahoo Finance (finance.yahoo.com)
- CDK Global Inc (CDK) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Ackroo integrates with CDK Global DMS – Marketwired (press release) (marketwired.com)
CDK has been the topic of several research analyst reports. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Tuesday, April 4th. TheStreet cut shares of CDK Global from a “b-” rating to a “d+” rating in a research note on Thursday, February 2nd. Finally, Morgan Stanley raised shares of CDK Global from an “underweight” rating to an “equal weight” rating and set a $70.00 price target on the stock in a research note on Friday, February 3rd.
CDK Global (NASDAQ:CDK) traded down 0.25% during mid-day trading on Thursday, hitting $64.85. 434,760 shares of the stock traded hands. The stock has a market capitalization of $9.40 billion, a PE ratio of 36.78 and a beta of 0.72. The company has a 50 day moving average price of $65.39 and a 200-day moving average price of $60.92. CDK Global has a one year low of $45.21 and a one year high of $67.49.
CDK Global (NASDAQ:CDK) last issued its quarterly earnings results on Thursday, February 2nd. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $547.80 million for the quarter, compared to the consensus estimate of $545.74 million. CDK Global had a net margin of 12.47% and a return on equity of 83.46%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. Equities analysts anticipate that CDK Global will post $2.37 earnings per share for the current fiscal year.
In other news, Director Stephen A. Miles sold 9,197 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $66.47, for a total value of $611,324.59. Following the transaction, the director now owns 30,707 shares in the company, valued at approximately $2,041,094.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.
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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