Scharf Investments Llc Position in Cdk Global Inc (NASDAQ:CDK) Upped as Price Declined

May 17, 2018 - By Pearl Odom

CDK Global, Inc. (NASDAQ:CDK) Corporate Logo

Based on the latest 2018Q1 report from the SEC, Scharf Investments Llc upped its stake in Cdk Global Inc (NASDAQ:CDK) by 50.14%. Cdk Global Inc (NASDAQ:CDK) stock Sank 11.91% while Scharf Investments Llc bought 815,115 shares. In 2018Q1, the 2.44M shares in Cdk Global Inc (NASDAQ:CDK) held by Scharf Investments Llc were priced $154.61 million, up from 1.63M last quarter. $8.50 billion is the MC of Cdk Global Inc. The stock increased 0.94% or $0.6 during the last trading session, touching $64.59.Currently CDK Global, Inc. is downtrending after 2.80% change in last May 17, 2017. CDK has 542,242 shares volume. CDK underperformed the S&P 500 by 14.35%.

According to the report Scharf Investments Llc reduced its stake in Aon Plc (NYSE:AON) by 208,894 shares to 1.36 million shares, valued at $190.63 million in 2018Q1. The fund has $2.69B and $3.56 billion US longs. Scharf Investments Llc cut its stake in Oracle Corp (NYSE:ORCL) and reduced Dollar Gen Corp New (NYSE:DG) position by 2.08M shares for a total of 8,847 shares.

Scharf Investments Llc is a California-based institutional investor with more than $2.69 billion AUM in January, 2015. Taken from Scharf Investments latest Adv, the fund reported to have 16 full and part-time employees. Among which 10 performing investment advisory and research functions. The institutional investor had more than 1300 clients.

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

Total analysts of 3 have positions in CDK Global (NASDAQ:CDK) as follows: 1 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 33%. Since January 17, 2018 according to StockzIntelligence Inc CDK Global has 4 analyst reports. The company rating was downgraded by Barrington Research on Wednesday, January 17. In Friday, April 27 report Morgan Stanley maintained it with “Equal-Weight” rating and $75 target. On Wednesday, January 31 the firm has “Buy” rating by Wells Fargo given. On Wednesday, January 31 Morgan Stanley maintained CDK Global, Inc. (NASDAQ:CDK) with “Equal-Weight” rating.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide.The firm is worth $8.50 billion. The firm operates through Retail Solutions North America, Advertising North America, and CDK International divisions.28.72 is the P/E ratio. It offers technology solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend for original equipment manufacturers and automotive retailers.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: