Ceridian HCM (CDAY) Hits New 12-Month High at $50.30

Ceridian HCM Holding Inc (NYSE:CDAY) reached a new 52-week high during trading on Wednesday . The company traded as high as $50.30 and last traded at $49.98, with a volume of 3489 shares traded. The stock had previously closed at $49.65.

CDAY has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on shares of Ceridian HCM in a research report on Thursday, January 3rd. They issued a “buy” rating and a $40.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Ceridian HCM in a research report on Friday, February 1st. They issued a “neutral” rating and a $37.00 target price for the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $50.00 target price on shares of Ceridian HCM in a research report on Thursday, February 7th. Mitsubishi UFJ Financial Group lifted their target price on shares of Ceridian HCM to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, February 7th. Finally, Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, February 7th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.47.

The company has a market capitalization of $6.83 billion and a price-to-earnings ratio of -1,005.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.43.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The business had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.56 million. Ceridian HCM had a positive return on equity of 0.04% and a negative net margin of 6.82%. The company’s revenue was up 9.8% on a year-over-year basis. Analysts expect that Ceridian HCM Holding Inc will post 0.44 earnings per share for the current year.

In other news, EVP Lisa M. Sterling sold 12,500 shares of Ceridian HCM stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $35.86, for a total transaction of $448,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Paul D. Elliott sold 17,050 shares of Ceridian HCM stock in a transaction on Monday, January 7th. The shares were sold at an average price of $36.00, for a total transaction of $613,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 358,866 shares of company stock worth $14,049,791 in the last quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its stake in shares of Ceridian HCM by 48.7% during the 4th quarter. American International Group Inc. now owns 849 shares of the company’s stock valued at $29,000 after buying an additional 278 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Ceridian HCM during the 4th quarter valued at $33,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Ceridian HCM by 47.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock valued at $44,000 after buying an additional 409 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Ceridian HCM during the 4th quarter valued at $66,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ceridian HCM by 193.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,350 shares of the company’s stock valued at $81,000 after buying an additional 1,550 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

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Ceridian HCM Company Profile (NYSE:CDAY)

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.

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