Aravt Global LLC Has Decreased Its Cdk Global INC (CDK) Stake as Stock Declined

June 14, 2018 - By Vivian Park

CDK Global, Inc. (NASDAQ:CDK) Logo

Aravt Global Llc decreased its stake in Cdk Global Inc (CDK) by 13.04% based on its latest 2018Q1 regulatory filing with the SEC. Aravt Global Llc sold 178,000 shares as the company’s stock declined 8.48% with the market. The institutional investor held 1.19 million shares of the miscellaneous company at the end of 2018Q1, valued at $75.19M, down from 1.37M at the end of the previous reported quarter. Aravt Global Llc who had been investing in Cdk Global Inc for a number of months, seems to be less bullish one the $8.67B market cap company. The stock increased 0.99% or $0.65 during the last trading session, reaching $65.85. About 623,433 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 4.20% since June 14, 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 EPS, up 49.09 % or $0.27 from last year’s $0.55 per share. CDK’s profit will be $107.91M for 20.08 P/E if the $0.82 EPS becomes a reality. After $0.85 actual EPS 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:, which released: “CDK Global Announces Proposed Registered Offering of Senior Notes” on June 04, 2018.‘s article titled: “CDK Global Announces Pricing of its $500000000 5.875% Senior Notes Due 2026” 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 had 5 analyst reports since January 17, 2018 according to SRatingsIntel. The stock of CDK Global, Inc. (NASDAQ:CDK) earned “Outperform” rating by Barrington Research on Tuesday, May 29. Morgan Stanley maintained the shares of CDK in report on Friday, April 27 with “Equal-Weight” rating. The rating was maintained by Wells Fargo with “Buy” on Wednesday, January 31. Barrington Research downgraded CDK Global, Inc. (NASDAQ:CDK) on Wednesday, January 17 to “Market Perform” rating. As per Wednesday, January 31, the company rating was maintained by Morgan Stanley.

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

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