CDK Global Inc
How Has CDK Global Performed in a Competitive Market?
The price-to-sales ratios of CDK Global, Autodesk, Nuance, DST Systems, and Solera are 3.9x, 5.2x, 2.8x, 1.6x, and 3.2x, respectively.
CDK’s Revenue and Income Rise in 1Q16
After releasing its 1Q16 earnings report, CDK Global rose by 0.53% to close at $50.82 per share as of November 3, 2015.
Eton Park Initiates a New Position in Priceline Group in 4Q14
In 4Q14, around 112 hedge funds created a new position in Priceline Group—including Eton Park. Its other top new positions were CDK Global, EQT, and KLX.
OZ Management Opens New Position in CDK Global
OZ Management commenced a stake in CDK Global Inc. (CDK) by purchasing 4,521,952 shares of the company, representing 0.5% of the fund’s 4Q14 portfolio.
Ascend Capital’s Increased Position in CDK Global
Ascend Capital increased its position in CDK Global Inc. (CDK). It represented 1.85% of the total portfolio in 4Q14—up from 0.15% in the third quarter.
Ascend Capital’s New Position in PVH Corp.
Ascend Capital started a new position in PVH Corp. (PVH). The fund bought 275,963 shares worth $35 million. It accounts for 1.36% of the hedge fund’s total portfolio.
CalPERS adds new position in CDK Global
CDK Global has an increasing focus on utilizing big data analytics and predictive intelligence.
CalPERS opens new position in Dorian LPG
Dorian LPG’s customers include global energy companies such as Statoil and Shell, commodity traders such as Petredec, and industrial users.
Highlights of CalPERS holdings in 4Q14
CalPERS noted that it has recovered approximately $900 million to date from settlements related to investment losses sustained during the financial crisis.