WINTON GROUP Ltd Boosts Stake in CDK Global Inc (CDK)

WINTON GROUP Ltd increased its holdings in CDK Global Inc (NASDAQ:CDK) by 5,672.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 246,012 shares of the software maker’s stock after buying an additional 241,750 shares during the period. WINTON GROUP Ltd owned about 0.19% of CDK Global worth $15,391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CDK. WealthTrust Fairport LLC acquired a new position in shares of CDK Global in the 3rd quarter valued at about $104,000. Qube Research & Technologies Ltd acquired a new position in shares of CDK Global in the 2nd quarter valued at about $109,000. Fort L.P. acquired a new position in shares of CDK Global in the 2nd quarter valued at about $121,000. Legacy Financial Advisors Inc. boosted its holdings in shares of CDK Global by 91.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,899 shares of the software maker’s stock valued at $128,000 after buying an additional 905 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of CDK Global in the 2nd quarter valued at about $170,000. 82.16% of the stock is owned by institutional investors and hedge funds.

In other news, VP Jennifer A. Williams sold 4,114 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $61.65, for a total transaction of $253,628.10. Following the sale, the vice president now owns 5,012 shares in the company, valued at $308,989.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

A number of research firms have issued reports on CDK. Wells Fargo & Co lowered shares of CDK Global from an “outperform” rating to a “market perform” rating in a research note on Thursday. Oppenheimer set a $67.00 target price on shares of CDK Global and gave the company a “buy” rating in a research note on Wednesday. Barrington Research reissued a “buy” rating and set a $80.00 target price on shares of CDK Global in a research note on Monday. BidaskClub raised shares of CDK Global from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of CDK Global from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $73.40.

NASDAQ CDK opened at $51.83 on Thursday. CDK Global Inc has a 12 month low of $51.69 and a 12 month high of $76.04. The company has a market capitalization of $7.39 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76.

CDK Global (NASDAQ:CDK) last released its earnings results on Wednesday, November 7th. The software maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. CDK Global had a net margin of 16.75% and a negative return on equity of 235.59%. The business had revenue of $554.50 million for the quarter, compared to the consensus estimate of $560.52 million. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that CDK Global Inc will post 3.72 earnings per share for the current fiscal year.

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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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