Cdk Global INC (CDK) Holder America First Investment Advisors LLC Has Trimmed Its Holding by $13.93 Million as Stock Value Declined

June 20, 2018 - By Richard Conner

CDK Global, Inc. (NASDAQ:CDK) Logo

America First Investment Advisors Llc decreased its stake in Cdk Global Inc. (CDK) by 99.96% based on its latest 2018Q1 regulatory filing with the SEC. America First Investment Advisors Llc sold 207,882 shares as the company’s stock declined 8.48% with the market. The institutional investor held 89 shares of the miscellaneous company at the end of 2018Q1, valued at $6,000, down from 207,971 at the end of the previous reported quarter. America First Investment Advisors Llc who had been investing in Cdk Global Inc. for a number of months, seems to be less bullish one the $8.65 billion market cap company. The stock increased 2.49% or $1.6 during the last trading session, reaching $65.75. About 714,776 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 4.20% since June 20, 2017 and is uptrending. It has underperformed by 8.37% the S&P500.

Analysts await CDK Global, Inc. (NASDAQ:CDK) to report earnings on August, 7. They expect $0.82 earnings per share, up 49.09 % or $0.27 from last year’s $0.55 per share. CDK’s profit will be $107.92 million for 20.05 P/E if the $0.82 EPS becomes a reality. After $0.85 actual earnings per share reported by CDK Global, Inc. for the previous quarter, Wall Street now forecasts -3.53 % negative EPS growth.

More news for CDK Global, Inc. (NASDAQ:CDK) were recently published by: Nasdaq.com, which released: “CDK Global Announces Pricing of its $500000000 5.875% Senior Notes Due 2026” on June 04, 2018. Globenewswire.com‘s article titled: “CDK Global Announces Proposed Registered Offering of Senior Notes” and published on June 04, 2018 is yet another important article.

CDK Global, Inc. (NASDAQ:CDK) Ratings Coverage

Among 3 analysts covering CDK Global (NASDAQ:CDK), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CDK Global has $80.0 highest and $75 lowest target. $77.50’s average target is 17.87% above currents $65.75 stock price. CDK Global had 5 analyst reports since January 17, 2018 according to SRatingsIntel. As per Wednesday, January 31, the company rating was maintained by Wells Fargo. Barrington Research upgraded the shares of CDK in report on Tuesday, May 29 to “Outperform” rating. Morgan Stanley maintained the shares of CDK in report on Wednesday, January 31 with “Equal-Weight” rating. Barrington Research downgraded CDK Global, Inc. (NASDAQ:CDK) on Wednesday, January 17 to “Market Perform” rating. As per Friday, April 27, the company rating was maintained by Morgan Stanley.

CDK Global, Inc. (NASDAQ:CDK) Ratings Chart

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