Axel Capital Management LLC Sells 3,166 Shares of CDK Global Inc (NASDAQ:CDK)

Axel Capital Management LLC trimmed its stake in shares of CDK Global Inc (NASDAQ:CDK) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the software maker’s stock after selling 3,166 shares during the period. CDK Global accounts for 0.6% of Axel Capital Management LLC’s holdings, making the stock its 15th biggest position. Axel Capital Management LLC’s holdings in CDK Global were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new stake in CDK Global during the third quarter worth about $145,000. Bredin Investment LLC acquired a new stake in CDK Global during the fourth quarter worth about $203,000. Atlas Brown Inc. acquired a new stake in CDK Global during the fourth quarter worth about $214,000. BB&T Corp acquired a new stake in CDK Global during the fourth quarter worth about $208,000. Finally, D.A. Davidson & CO. increased its position in shares of CDK Global by 5.6% during the second quarter. D.A. Davidson & CO. now owns 3,130 shares of the software maker’s stock valued at $194,000 after acquiring an additional 167 shares during the last quarter. 89.62% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on CDK. Zacks Investment Research upgraded shares of CDK Global from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, January 31st. BidaskClub cut shares of CDK Global from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their price objective on shares of CDK Global from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Wells Fargo & Co reiterated an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of CDK Global in a research note on Wednesday, January 31st. Finally, Barrington Research downgraded shares of CDK Global from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a research note on Wednesday, January 17th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. CDK Global currently has an average rating of “Hold” and a consensus price target of $76.80.

Shares of CDK Global Inc (NASDAQ CDK) traded up $0.81 during trading hours on Thursday, hitting $71.62. 1,014,400 shares of the stock traded hands, compared to its average volume of 1,345,630. The stock has a market cap of $9,528.09, a P/E ratio of 31.69, a PEG ratio of 1.45 and a beta of 0.67. CDK Global Inc has a twelve month low of $59.33 and a twelve month high of $76.04. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of -11.19.

CDK Global (NASDAQ:CDK) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $561.70 million for the quarter, compared to analysts’ expectations of $564.94 million. CDK Global had a net margin of 14.29% and a negative return on equity of 5,261.95%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. equities research analysts expect that CDK Global Inc will post 3.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. CDK Global’s payout ratio is 26.55%.

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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.

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

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