Cdk Global INC (CDK) Position Has Lifted by Marble Arch Investments Lp

March 14, 2018 - By Richard Conner

Scott Mclellan increased its stake in Cdk Global Inc (CDK) by 6.4% based on its latest 2017Q3 regulatory filing with the SEC. Marble Arch Investments Lp bought 60,000 shares as the company’s stock declined 6.12% while stock markets rallied. The hedge fund run by Scott Mclellan held 997,000 shares of the miscellaneous company at the end of 2017Q3, valued at $62.90 million, up from 937,000 at the end of the previous reported quarter. Marble Arch Investments Lp who had been investing in Cdk Global Inc for a number of months, seems to be bullish on the $9.36B market cap company. The stock decreased 0.95% or $0.67 during the last trading session, reaching $69.56. About 695,522 shares traded. CDK Global, Inc. (NASDAQ:CDK) has risen 18.92% since March 14, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Marble Arch Investments Lp, which manages about $1.96B and $1.51B US Long portfolio, decreased its stake in Liberty Media Corp Delaware by 215,700 shares to 1.78 million shares, valued at $67.96M in 2017Q3, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 291,700 shares in the quarter, leaving it with 1.40 million shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Another recent and important CDK Global, Inc. (NASDAQ:CDK) news was published by which published an article titled: “CDK Global, Inc. (CDK) Ex-Dividend Date Scheduled for February 28, 2018” on February 27, 2018.

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

Among 8 analysts covering CDK Global (NASDAQ:CDK), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. CDK Global had 15 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan maintained it with “Underweight” rating and $50 target in Friday, August 14 report. On Wednesday, January 31 the stock rating was maintained by Wells Fargo with “Buy”. JP Morgan upgraded CDK Global, Inc. (NASDAQ:CDK) rating on Wednesday, April 6. JP Morgan has “Neutral” rating and $49 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 3. The rating was upgraded by Evercore to “Outperform” on Monday, July 10. JP Morgan maintained CDK Global, Inc. (NASDAQ:CDK) on Tuesday, December 15 with “Underweight” rating. The firm earned “Buy” rating on Wednesday, August 9 by Oppenheimer. The rating was maintained by Morgan Stanley on Wednesday, January 31 with “Equal-Weight”. On Tuesday, January 19 the stock rating was downgraded by Morgan Stanley to “Underweight”. Barrington Research downgraded the shares of CDK in report on Wednesday, January 17 to “Market Perform” rating.

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