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Research Reports Initiation on Application Software Stocks -- CDK Global, Ansys, Paylocity, and 2U Inc.
[January 25, 2017]

Research Reports Initiation on Application Software Stocks -- CDK Global, Ansys, Paylocity, and 2U Inc.

NEW YORK, January 25, 2017 /PRNewswire/ --

Ahead of today's trading session, evaluates four Application Software equities which are: CDK Global Inc. (NASDAQ: CDK), Ansys Inc. (NASDAQ: ANSS), Paylocity Holding Corp. (NASDAQ: PCTY), and 2U Inc. (NASDAQ: TWOU). These companies belong to the Technology sector which slowly built on its narrow gains from earlier in the session on Tuesday, January 24th, 2017, with shares of Tech companies in the S&P 500 rising about 0.4%. Learn more about these stocks by downloading their free report at:

CDK Global  

Hoffman Estates, Illinois headquartered CDK Global Inc.'s stock finished Tuesday's session 2.27% higher at $61.67, with a total trading volume of 595,710 shares. The Company's shares have advanced 2.04% in the past month, 13.88% over the previous three months, and 3.32% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.65% and 10.58%, respectively. Furthermore, shares of CDK Global, which provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide, have a Relative Strength Index (RSI) of 64.20.

On January 18th, 2017, CDK Global's Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable on March 29th, 2017 to shareholders of record at the close of business on March 1st, 2017. The free research report on CDK is available at:


Shares in Canonsburg, Pennsylvania headquartered Ansys Inc. ended at $94.48, up 1.04% from the last trading session. The stock recorded a trading volume of 479,826 shares. The Company's shares have gained 3.70% in the previous three months and 2.15% since the start of this year. The stock is trading 1.03% above its 50-day moving average and 3.29% above its 200-day moving average. Moreover, shares of Ansys, which develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors industries and academia worldwide, have an RSI of 55.86.

On January 06th, 2017, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight'.

On January 23rd, 2017, ANSYS announced that the Company expects to release its Q4 2016 and FY 2016 earnings on February 23rd, 2017. The Company will hold a conference call conducted by Ajei Gopal, President and Chief Executive Officer, and Maria T. Shields, Chief Financial Officer, at 8:30 a.m. ET to discuss Q4 2016 and 2016 results and future outlook. The complimentary report on ANSS can be downloaded at:


Arlington Heights, Illinois headquartered Paylocity Holdng Corp.'s stock ended yesterday's session 1.55% lower at $32.39, with a total trading volume of 361,371 shares. The Company's shares have advanced 4.65% in the past month and 7.93% on an YTD basis. The stock is trading 0.63% below its 50-day moving average. Additionally, shares of Paylocity Holding, which provides cloud-based payroll and human capital management software solutions for medium-sized organizations in the US, have an RSI of 48.88.

On January 18th, 2017, Paylocity Holding announced that it has scheduled a conference call to review its Q2 FY17 results on February 02nd 2017 at 5 p.m. ET. A press release highlighting the Company's results will be issued in advance of the conference call. Visit us today and download our complete research report on PCTY for free at:

2U Inc. 

At the close on Tuesday, shares in Landover, Maryland headquartered 2U Inc. recorded a trading volume of 306,472 shares. The stock finished 2.26% higher at $34.40. The Company's shares have gained 7.17% in the last one month and 14.10% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.09% and 6.56%, respectively. Furthermore, shares of 2U, which provides cloud-based software-as-a-service solutions for nonprofit colleges and universities to deliver education to qualified students, have an RSI of 57.38.

On January 10th, 2017, 2U, Inc. announced it has hired two new senior leaders, Bruce Spatz as Senior Vice President, course development, and Marlowe Johnson as Vice President, production, to support and scale the innovative work of its content team. In preparation to support 2U's continued growth and aspirations in online education content, the 2U content team will be led by two new teams, the course development group and the course strategy group. The course development group will work closely with 2U university partners to support faculty in developing, delivering and updating new online courses, while the course strategy group will focus on driving improvement and innovation in course design by working with faculty on new online learning methods and modalities. Get free access to your technical report on TWOU at:


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