Cardinal Capital Management buys $792,730 stake in CDK Global Inc (CDK)

CDK Global Inc (CDK) : Cardinal Capital Management scooped up 99 additional shares in CDK Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 16,654 shares of CDK Global Inc which is valued at $792,730.CDK Global Inc makes up approximately 0.33% of Cardinal Capital Management’s portfolio.

CDK Global Inc opened for trading at $47.3 and hit $48.1 on the upside on Wednesday, eventually ending the session at $48.02, with a gain of 1.18% or 0.56 points. The heightened volatility saw the trading volume jump to 4,93,190 shares. Company has a market cap of $7,456 M.

Other Hedge Funds, Including , Leavell Investment Management reduced its stake in CDK by selling 26,413 shares or 77.19% in the most recent quarter. The Hedge Fund company now holds 7,806 shares of CDK which is valued at $371,566. CDK Global Inc makes up approx 0.05% of Leavell Investment Management’s portfolio.New York State Teachers Retirement System reduced its stake in CDK by selling 2,600 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 278,477 shares of CDK which is valued at $13,255,505. CDK Global Inc makes up approx 0.03% of New York State Teachers Retirement System’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in CDK by selling 33 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 8,239 shares of CDK which is valued at $391,394. CDK Global Inc makes up approx 0.08% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Charter Trust Co reduced its stake in CDK by selling 8 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 19,593 shares of CDK which is valued at $908,527. CDK Global Inc makes up approx 0.11% of Charter Trust Co’s portfolio.

On the company’s financial health, CDK Global Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.37. The company had revenue of $520.10 million for the quarter, compared to analysts expectations of $513.56 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on CDK Global Inc. Company shares were Upgraded by JP Morgan on Apr 6, 2016 to ” Neutral”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .CDK Global Inc was Upgraded by Barrington Research to ” Outperform” on Feb 4, 2016.

CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale financing insurance parts supply repair and maintenance of vehicles with an increasing focus on utilizing big data analytics and predictive intelligence. The Company’s solutions address the entire automotive retailers’ value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail) Automotive Retail Solutions International (International Automotive Retail) and Digital Marketing Solutions (Digital Marketing).

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