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CDK Global (CDK) Catches Eye: Stock Jumps 5.1%

Zacks Equity Research
Updated

CDK Global, Inc. CDK was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $62.66–$67.05 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company announced that its board of directors gave approval to increase quarterly cash dividend by a penny to an annual rate of 60 cents per share.

The company has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

CDK Global currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

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CDK Global, Inc. Price

 

CDK Global, Inc. Price | CDK Global, Inc. Quote

Investors interested in the Computers - IT Services industry may consider Fair Isaac Corporation FICO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CDK going up? Or down? Predict to see what others think:Up or Down

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