Charter Trust Co Lowers stake in CDK Global Inc (CDK)

CDK Global Inc (CDK) : Charter Trust Co reduced its stake in CDK Global Inc by 3.57% during the most recent quarter end. The investment management company now holds a total of 20,782 shares of CDK Global Inc which is valued at $1,133,450 after selling 769 shares in CDK Global Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.CDK Global Inc makes up approximately 0.13% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CDK in the latest quarter, The investment management firm added 474 additional shares and now holds a total of 39,797 shares of CDK Global Inc which is valued at $2,170,528. CDK Global Inc makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.First Premier Bank reduced its stake in CDK by selling 86 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 1,987 shares of CDK which is valued at $108,907. CDK Global Inc makes up approx 0.08% of First Premier Bank’s portfolio.Legal General Group Plc reduced its stake in CDK by selling 2,608 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 635,370 shares of CDK which is valued at $34,888,167. CDK Global Inc makes up approx 0.04% of Legal General Group Plc’s portfolio.

CDK Global Inc closed down -0.27 points or -0.49% at $54.54 with 4,48,042 shares getting traded on Friday. Post opening the session at $55.01, the shares hit an intraday low of $54.41 and an intraday high of $55.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, CDK Global Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $542.20 million for the quarter, compared to analysts expectations of $533.84 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

CDK Global Inc. is a global provider both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Company’s solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale financing insurance parts supply repair and maintenance of vehicles with an increasing focus on utilizing big data analytics and predictive intelligence. The Company’s solutions address the entire automotive retailers’ value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail) Automotive Retail Solutions International (International Automotive Retail) and Digital Marketing Solutions (Digital Marketing).

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