CDK Global Inc (CDK) : America First Investment Advisors reduced its stake in CDK Global Inc by 0.27% during the most recent quarter end. The investment management company now holds a total of 190,079 shares of CDK Global Inc which is valued at $11,007,475 after selling 520 shares in CDK Global Inc , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.CDK Global Inc makes up approximately 4.51% of America First Investment Advisors’s portfolio.
Other Hedge Funds, Including , Old Mutual Global Investors (uk) Ltd. boosted its stake in CDK in the latest quarter, The investment management firm added 81,848 additional shares and now holds a total of 120,854 shares of CDK Global Inc which is valued at $6,998,655. CDK Global Inc makes up approx 0.12% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Carroll Financial Associates boosted its stake in CDK in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 677 shares of CDK Global Inc which is valued at $39,428. CDK Global Inc makes up approx 0.01% of Carroll Financial Associates’s portfolio.Fox Run Management L.l.c. reduced its stake in CDK by selling 8,900 shares or 68.46% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of CDK which is valued at $238,784. CDK Global Inc makes up approx 0.11% of Fox Run Management L.l.c.’s portfolio.Cutler Group Lp reduced its stake in CDK by selling 396 shares or 98.02% in the most recent quarter. The Hedge Fund company now holds 8 shares of CDK which is valued at $459.
CDK Global Inc opened for trading at $57.83 and hit $58.03 on the upside on Friday, eventually ending the session at $57.79, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 11,31,963 shares. Company has a market cap of $8,977 M.
On the company’s financial health, CDK Global Inc reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $537.70 million for the quarter, compared to analysts expectations of $542.08 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Companys 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 Companys 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).