CDK Global (CDK) Getting Somewhat Favorable Press Coverage, Report Finds

Media stories about CDK Global (NASDAQ:CDK) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CDK Global earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.9002952818769 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s analysis:

Get CDK Global alerts: CDK announces Connected Workshop concept (am-online.com) CDK Global announces new Connected Workshop concept (cardealermagazine.co.uk) Judge: Car dealer software companies can’t delete antitrust claims over monopolization of car dealer data (cookcountyrecord.com) CDK Global (CDK) vs. Ritchie Bros. Auctioneers (RBA) Head-To-Head Survey (americanbankingnews.com) $578.44 Million in Sales Expected for CDK Global (CDK) This Quarter (americanbankingnews.com)

CDK has been the subject of a number of research analyst reports. Barrington Research restated a “hold” rating on shares of CDK Global in a research note on Monday, March 26th. BidaskClub lowered shares of CDK Global from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Zacks Investment Research lowered shares of CDK Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Morgan Stanley lifted their price target on shares of CDK Global from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo restated 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.80.

Shares of CDK Global traded down $0.17, hitting $63.26, during midday trading on Tuesday, according to MarketBeat Ratings. 759,500 shares of the stock traded hands, compared to its average volume of 1,166,587. CDK Global has a 1-year low of $59.33 and a 1-year high of $76.04. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.98 and a beta of 0.77. The company has a debt-to-equity ratio of -9.65, a quick ratio of 1.80 and a current ratio of 1.80.

CDK Global (NASDAQ:CDK) last announced its quarterly earnings results on Thursday, April 26th. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. CDK Global had a net margin of 14.99% and a negative return on equity of 361.64%. The company had revenue of $576.60 million during the quarter, compared to the consensus estimate of $578.11 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts predict that CDK Global will post 3.23 EPS for the current year.

In related news, EVP Scott L. Mathews sold 5,514 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $68.91, for a total value of $379,969.74. Following the completion of the sale, the executive vice president now owns 48,520 shares of the company’s stock, valued at $3,343,513.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rajiv K. Amar sold 1,968 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $69.85, for a total transaction of $137,464.80. Following the completion of the sale, the insider now directly owns 11,072 shares of the company’s stock, valued at approximately $773,379.20. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

About CDK Global

CDK Global, Inc provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.