CDK Global Inc. (NASDAQ:CDK) saw an upside of 1.81% to close Friday at $43.32 after adding $0.77 on the day. The 5-day average trading volume is 860,760 shares of the company’s common stock. It has gained $44.13 in the past week and touched a new high 1 time within the past 5 days. An average of 1,000,260 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 891,798.
CDK’s 1-month performance is 4.31% or $1.79 on its low of $40.80 reached on 09/03/21. The company’s shares have touched a 52-week low of $39.78 and high of $55.51, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, CDK has lost -16.42% or -$8.51 and has reached a new high 6 times. However, the current price is down -21.96%% from the 52-week high price.
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On Sep 13, 19 days have gone by since the last insider trading activity for CDK Global Inc. (CDK). Brunz Lee J. (General Counsel and Secretary) most recently sold 1,447 shares at $42.96 per share on Sep 13. This transaction cost the insider $62,169. VP, Corporate Controller & CAO, Williams Jennifer A., sold 266 shares at a price of $50.81 on Dec 15. Then, on Nov 09, VP, Corporate Controller & CAO Williams Jennifer A. sold 1,278 shares at a price of $50.00 per share. This transaction amounted to $63,900.
The company’s PE ratio for the last five years has touched a high of 943.60 and a low of 4.767. CDK stock has a beta of 1.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.10 while the price-to-book (PB) in the most recent quarter is 10.99, with the price to cash flow ratio at 20.12.
CDK Global Inc. pays an annual dividend of $0.60 per share. Its dividend yield is 1.39% and the payout ratio is 7.10%. CDK’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.15 a share compared with prior rate of $0.15, down 0.0% from last year’s. The company has boosted its dividend for the last 6 consecutive years with the latest dividend increase of $0.01 reported on Thursday November 16 2017. Measured over the last 3 years, the Dividend has been growing by 5.26% yearly.
It is projected that CDK Global Inc.’s next ex-dividend date will be on 1-Dec. CDK is expected to distribute $0.15 as its next dividend.
CDK Global Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50 meaning that CDK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.30, while the total debt to equity was 3.31. In terms of profitability, the gross margin trailing 12 months is 47.70%The trailing 12-month EBITDA margin is 32.03% while for the period ending June 29; CDK Global Inc.’s operating margin was 23.90%. The firm’s gross profit as reported stood at $798.2 million against revenue of $1.67 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. CDK Global Inc.’s return on assets over the past 12 months stands at 34.80%. Return on investment over the past year is 14.70%.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected CDK to announce $0.67 per share in earnings in its latest quarter, but it posted $0.66, representing a -1.50% surprise. EBITDA for the quarter stood at more than $119.1 million. CDK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.22 billion, with total debt at $1.64 billion. Shareholders hold equity totaling $120.83 million
Let’s look briefly at CDK Global Inc. (CDK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 58.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.86%.
The stock’s 5-day moving average is $43.03, reflecting a -1.01% or -$0.44 change from its current price. CDK is currently trading +5.45% above its 20-day SMA, -17.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.16% and -15.41% respectively.
Stochastic %K and %D was 52.57% and 55.05% and the average true range (ATR) pointed at 0.98. The RSI (14) points at 53.36%, while the 14-day stochastic is at 69.76% with the period’s ATR at 0.95. The stock’s 9-day MACD Oscillator is pointing at -0.10 and 0.11 on the 14-day charts.
In the most recent analyst report for CDK Global Inc. (NASDAQ: CDK), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for CDK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CDK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is CDK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $56.00 and a high of $65.00, with their median price target at $60.50. Looking at these predictions, the average price target given by analysts is for CDK Global Inc. (CDK) stock is $60.50.