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

March 14, 2018 - By Nellie Frank

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 $9.36 billion 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 $1.96 billion and $1.51 billion US Long portfolio, decreased its stake in Willis Towers Watson Pub Ltd by 82,200 shares to 682,300 shares, valued at $105.23 million in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 142,500 shares in the quarter, leaving it with 1.31 million shares, and cut its stake in Liberty Media Corp Delaware.

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. The stock has “Outperform” rating by Barrington Research on Thursday, February 4. The rating was maintained by JP Morgan with “Underweight” on Tuesday, December 15. The rating was upgraded by Wells Fargo to “Outperform” on Wednesday, June 21. Evercore upgraded the shares of CDK in report on Monday, July 10 to “Outperform” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 6. Wells Fargo maintained the stock with “Buy” rating in Wednesday, January 31 report. The stock of CDK Global, Inc. (NASDAQ:CDK) earned “Buy” rating by Oppenheimer on Wednesday, August 9. The firm has “Market Perform” rating by Barrington Research given on Wednesday, January 17. The firm earned “Underweight” rating on Tuesday, January 19 by Morgan Stanley.

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