Verde Servicos Internacionais S.a. Lowers stake in CDK Global Inc (CDK)

CDK Global Inc (CDK) : Verde Servicos Internacionais S.a. reduced its stake in CDK Global Inc by 27.94% during the most recent quarter end. The investment management company now holds a total of 186,252 shares of CDK Global Inc which is valued at $10,847,316 after selling 72,210 shares in CDK Global Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.CDK Global Inc makes up approximately 0.90% of Verde Servicos Internacionais S.a.’s portfolio.

Other Hedge Funds, Including ,

CDK Global Inc opened for trading at $58.36 and hit $58.52 on the upside on Wednesday, eventually ending the session at $58.24, with a gain of 0.43% or 0.25 points. The heightened volatility saw the trading volume jump to 4,16,171 shares. Company has a market cap of $9,047 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 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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