CDK Global Inc (NASDAQ:CDK) – Stock analysts at William Blair issued their Q1 2020 earnings per share estimates for CDK Global in a report released on Wednesday, August 14th. William Blair analyst M. Pfau forecasts that the software maker will earn $0.67 per share for the quarter. William Blair also issued estimates for CDK Global’s Q2 2020 earnings at $0.80 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.85 EPS, FY2020 earnings at $3.19 EPS, Q1 2021 earnings at $0.72 EPS, Q2 2021 earnings at $0.83 EPS, Q3 2021 earnings at $0.93 EPS, Q4 2021 earnings at $0.91 EPS and FY2021 earnings at $3.38 EPS.
CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Tuesday, August 13th. The software maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. CDK Global had a net margin of 5.55% and a negative return on equity of 90.04%. The firm had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $585.10 million. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue was up 7.6% on a year-over-year basis.
CDK opened at $43.57 on Monday. CDK Global has a twelve month low of $43.10 and a twelve month high of $64.77. The company has a fifty day moving average of $49.85 and a 200-day moving average of $53.59. The stock has a market cap of $5.45 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 6 Meridian increased its holdings in CDK Global by 2.2% during the second quarter. 6 Meridian now owns 9,657 shares of the software maker’s stock worth $477,000 after buying an additional 212 shares during the last quarter. Bartlett & Co. LLC increased its holdings in CDK Global by 7.6% during the second quarter. Bartlett & Co. LLC now owns 3,027 shares of the software maker’s stock worth $150,000 after buying an additional 215 shares during the last quarter. CIBC Asset Management Inc increased its holdings in CDK Global by 3.7% during the second quarter. CIBC Asset Management Inc now owns 6,862 shares of the software maker’s stock worth $339,000 after buying an additional 245 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in CDK Global by 1.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 23,060 shares of the software maker’s stock worth $1,140,000 after buying an additional 250 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in CDK Global by 3.6% during the second quarter. Peapack Gladstone Financial Corp now owns 7,254 shares of the software maker’s stock worth $359,000 after buying an additional 250 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors.
In related news, General Counsel Lee J. Brunz sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $50.74, for a total transaction of $50,740.00. Following the transaction, the general counsel now directly owns 37,927 shares of the company’s stock, valued at $1,924,415.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,000 shares of company stock worth $96,925 over the last three months. 0.50% of the stock is owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, August 30th. CDK Global’s payout ratio is currently 19.11%.
CDK Global Company Profile
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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