CDK Global Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CDK Global in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDK Global stock.
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Wall Street analysts have given CDK Global a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CDK Global wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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CDK Global saw a increase in short interest in February. As of February 12th, there was short interest totaling 1,980,000 shares, an increase of 42.4% from the January 28th total of 1,390,000 shares. Based on an average trading volume of 905,600 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.6% of the shares of the company are sold short.
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CDK Global is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for CDK Global.

CDK Global, Inc. (NASDAQ:CDK) released its quarterly earnings results on Sunday, February, 7th. The software maker reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.06. The software maker had revenue of $406.30 million for the quarter, compared to analysts' expectations of $436.06 million. CDK Global had a net margin of 9.25% and a negative trailing twelve-month return on equity of 62.84%. The company's revenue for the quarter was down 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS.
View CDK Global's earnings history.

CDK Global's stock was trading at $40.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CDK shares have increased by 29.1% and is now trading at $51.71.
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CDK Global declared a quarterly dividend on Wednesday, February 24th. Shareholders of record on Monday, March 8th will be paid a dividend of $0.15 per share on Tuesday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, March 5th.
View CDK Global's dividend history.

CDK Global pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.16%. CDK Global does not yet have a strock track record of dividend growth. The dividend payout ratio of CDK Global is 19.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDK Global will have a dividend payout ratio of 23.72% next year. This indicates that CDK Global will be able to sustain or increase its dividend.
View CDK Global's dividend history.

CDK Global issued an update on its FY21 earnings guidance on Monday, February, 8th. The company provided earnings per share guidance of $2.45-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.66. The company issued revenue guidance of $1.66-1.71 billion, compared to the consensus revenue estimate of $1.74 billion.

4 analysts have issued 12-month target prices for CDK Global's shares. Their forecasts range from $57.00 to $72.00. On average, they anticipate CDK Global's stock price to reach $64.75 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts' price targets for CDK Global or view top-rated stocks among Wall Street analysts.

230 employees have rated CDK Global CEO Brian Krzanich on Glassdoor.com. Brian Krzanich has an approval rating of 79% among CDK Global's employees.

Some companies that are related to CDK Global include Trip.com Group (TCOM), FLEETCOR Technologies (FLT), Lyft (LYFT), Farfetch (FTCH), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Fair Isaac (FICO), The Western Union (WU), WEX (WEX), Nielsen (NLSN), Fiverr International (FVRR), HealthEquity (HQY), Concentrix (CNXC), Shift4 Payments (FOUR) and Ritchie Bros. Auctioneers (RBA).
View all of CDK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CDK Global investors own include Wolverine World Wide (WWW), Walgreens Boots Alliance (WBA), Carnival Co. & (CCL), The Wendy's (WEN), Automatic Data Processing (ADP), General Electric (GE), Xerox (XRX), The Cheesecake Factory (CAKE), Fifth Third Bancorp (FITB) and Marriott International (MAR).

CDK Global trades on the NASDAQ under the ticker symbol "CDK."

CDK Global's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.08%), Janus Henderson Group PLC (1.66%), P2 Capital Partners LLC (1.37%), Bank of New York Mellon Corp (1.15%), Thompson Siegel & Walmsley LLC (1.14%) and Norges Bank (1.07%). Company insiders that own CDK Global stock include Jennifer A Williams and Lee J Brunz.
View institutional ownership trends for CDK Global.

CDK stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., California Public Employees Retirement System, Swiss National Bank, AJO LP, UBS Asset Management Americas Inc., Northern Trust Corp, JPMorgan Chase & Co., and Schroder Investment Management Group.
View insider buying and selling activity for CDK Global or view top insider-selling stocks.

CDK stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Discerene Group LP, Morgan Stanley, Janus Henderson Group PLC, Boston Trust Walden Corp, First Trust Advisors LP, Retirement Systems of Alabama, and Birch Hill Investment Advisors LLC.
View insider buying and selling activity for CDK Global or or view top insider-buying stocks.

Shares of CDK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDK stock can currently be purchased for approximately $51.71.

CDK Global has a market capitalization of $6.30 billion and generates $1.96 billion in revenue each year. The software maker earns $207.50 million in net income (profit) each year or $3.05 on an earnings per share basis.

CDK Global employs 9,000 workers across the globe.

The official website for CDK Global is www.cdkglobal.com.

CDK Global is headquartered at 1950 HASSELL ROAD, HOFFMAN ESTATES IL, 60169.

CDK Global's mailing address is 1950 HASSELL ROAD, HOFFMAN ESTATES IL, 60169. The software maker can be reached via phone at 847-397-1700 or via email at [email protected]