Cdk Global INC (CDK) Stake Decreased by Southpoint Capital Advisors Lp

November 10, 2018 - By Ash Bar

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

In Cdk Global Inc (CDK) was reduced the holdings owned by Southpoint Capital Advisors Lp. The reduction is 25% according to 2018Q2 Securities and Exchange form. 350,000 shares were sold by Southpoint Capital Advisors Lp as the company’s stock declined 5.06% while stock markets rallied. At the end of 2018Q2, the 1.05 million shares of the miscellaneous company held by the hedge fund were priced at $68.30 million, down from 1.40M at the end of the previous reported quarter. $6.55B is Cdk Global Inc’s MC. CDK is touching $50.77 during the last trading session, after decreased 0.51%.CDK Global, Inc. has 2.65 million shares volume, 147.93% up from normal. CDK is uptrending and has moved 1.03% since November 10, 2017. CDK underperformed the S&P 500 by 14.59%.

According to a filing the Southpoint Capital Advisors Lp’s stake in United Parcel Service Inc (NYSE:UPS) was upped by 300,000 shares to 1.10M shares valued at $116.85 million in 2018Q2. It manages about $2.99B and $2.35B US Long portfolio. For a total of 1.50 million shares it increased its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 250,000 shares in the quarter, and has risen its stake in Pg&E Corp (NYSE:PCG).

For more CDK Global, Inc. (NASDAQ:CDK) news announced recently go to: Cnbc.com, Nasdaq.com, Benzinga.com, Nasdaq.com or Globenewswire.com. The titles are as follows: “Ex-Intel chief Brian Krzanich joins CDK Global as its CEO” announced on November 07, 2018, “CDK Global Announces Entry into an Accelerated Share Repurchase Agreement to Repurchase $260 Million of its …” on November 09, 2018, “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” with a publish date: November 08, 2018, “Consolidated Research: 2018 Summary Expectations for Green Brick Partners, Alliqua BioMedical, Buckle, DaVita …” and the last “CDK Global Reports First Quarter Fiscal 2019 Results” with publication date: November 07, 2018.

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 May 29, 2018 according to StockzIntelligence Inc CDK Global has 3 analyst reports. On Tuesday, May 29 the stock has “Outperform” rating by Barrington Research. On Wednesday, August 15 Morgan Stanley maintained CDK Global, Inc. (NASDAQ:CDK) with “Equal-Weight” rating. The company rating was downgraded by Wells Fargo on Thursday, November 8.

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

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