Media headlines about CDK Global (NASDAQ:CDK) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CDK Global earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.9083824520624 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Mind-blowing Stocks: Iconix Brand Group, Inc., (NASDAQ: ICON), CDK Global, Inc., (NASDAQ: CDK), Cousins … – Stocks In The News (press release) (tradingnewsnow.com)
- Notable Stocks in Focus: CDK Global, Inc., (NASDAQ: CDK), Facilitate Midstream Partners, LP, (NYSE: ENBL), Jupai … – Stocks In The News (press release) (tradingnewsnow.com)
- Cox sues CDK, cites anticompetitive practices (autonews.com)
- Parsons, Meyers join Automotive News sales team (autonews.com)
- CDK Global Earns IBD Rating Upgrade (finance.yahoo.com)
CDK Global (NASDAQ CDK) traded down $0.60 on Tuesday, hitting $70.18. 783,343 shares of the company were exchanged, compared to its average volume of 907,020. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 297.80. CDK Global has a 12 month low of $58.52 and a 12 month high of $71.63. The firm has a market cap of $9,728.06, a price-to-earnings ratio of 28.07, a PEG ratio of 1.59 and a beta of 0.75.
CDK Global (NASDAQ:CDK) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. CDK Global had a net margin of 13.42% and a return on equity of 515.77%. The company had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. sell-side analysts predict that CDK Global will post 2.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, November 30th. This is a positive change from CDK Global’s previous quarterly dividend of $0.14. CDK Global’s dividend payout ratio is currently 29.13%.
CDK has been the topic of a number of research analyst reports. BidaskClub raised shares of CDK Global from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, October 3rd. TheStreet raised shares of CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, Barrington Research set a $75.00 price objective on shares of CDK Global and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $72.60.
In related news, VP Jennifer A. Williams sold 1,984 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $62.58, for a total value of $124,158.72. Following the sale, the vice president now owns 5,560 shares in the company, valued at approximately $347,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.39% of the company’s stock.
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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.
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