2,415K shares changed hands in the last trading session. Volume was up 170.65% over the stocks average daily volume.
Traders are more bullish on shares of Cdk Global Inc recently considering the downtick in short interest. The stock experienced a fall in short interest of -13.65% between September 29, 2017 and October 13, 2017. Short shares fell 815,156 over that timeframe. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.04% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (CDK). As of the end of the quarter Marble Arch Investments, Lp had acquired 60,000 shares growing its position 6.4%. The value of the investment in CDK went from $58,150,000 to $62,901,000 a change of $4,751,000 for the reporting period. As of quarter end Renaissance Technologies LLC had bought a total of 424,700 shares growing its holdings by 55.7%. The value of the company’s investment in Cdk Global Inc increased from $47,327,000 to $74,907,000 a change of 58.3% quarter over quarter.
Lakewood Capital Management, Lp bolstered its ownership by buying 325,000 shares an increase of 24.1% from 03/31/2017 to 09/30/2017. Lakewood Capital Management, Lp owns 1,674,717 shares valued at $105,658,000. The value of the position overall is up by 20.4%. As of the end of the quarter Orbis Allan Gray Ltd had disposed of 2,202,110 shares trimming its stake by 44.1%. The value in dollars went from $310,239,000 to $176,457,000 decreasing 43.1% since the last quarter.
Equity analyst Barrington Research released research on CDK stating a rating of “Buy” and setting a price target of $75.00.
The company is down by 0.23% percent from yesterday’s close. The company’s P/E ratio is 31.90 and the market cap of the company is 9.04B. As of the latest earnings report the EPS was $2.06 with 137.54M shares currently outstanding.
CDK Global, Inc., launched on May 6, 2014, is a provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The Business’s segments include Retail Solutions North America, Advertising North America and CDK International. As of June 30, 2016, the Company provided solutions to dealers in approximately 100 countries around the world, covering over 27,000 retail locations and original equipment manufacturers (OEMs). Its solutions automate and integrate all parts of the buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair and maintenance of vehicles. The Company serves franchised independent automotive retailers in North America and internationally. It sells data management, business intelligence, benchmarking and dealer management systems (DMS) integration services to OEMs..