Ceridian HCM Holding Inc. (NYSE: CDAY) Receives Average “Hold” Analyst Rating
Shares of Ceridian HCM Holding Inc. (NYSE: CDAY) have received a consensus recommendation to “hold” by the fourteen analysts who cover the company, reports MarketBeat. Two research analysts rated the stock with a sell recommendation, four gave a hold recommendation, and five gave the company a buy recommendation. The one-year average price target among brokers who reported on the stock in the past year is $ 105.42.
A number of stock analysts have published reports on CDAY stocks. Piper Sandler raised her price target on Ceridian HCM from $ 108.00 to $ 110.00 and assigned the company a “neutral” rating in a research note on Thursday, August 5. Wells Fargo & Company raised its price target on Ceridian HCM shares from $ 110.00 to $ 115 and assigned the company an “overweight” rating in a research report on Thursday, August 5. Needham & Company LLC reaffirmed the “custody” rating of Ceridian HCM shares in a research report released on Wednesday, September 22. Finally, Barclays downgraded Ceridian HCM shares from an “equal weight” rating to an “underweight” rating and set a price target of $ 98.00 for the company. in a research note on Wednesday June 30.
In other Ceridian HCM news, COO Leagh Erin Turner sold 6,000 shares of the company in a transaction that took place on Thursday, July 15. The stock was sold for an average price of $ 95.55, for a total value of $ 573,300.00. As a result of the sale, the COO now owns 119,111 shares of the company, valued at approximately $ 11,381,056.05. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this link. In addition, CEO David D. Ossip sold 750,000 shares of the company in a transaction on Wednesday, August 11. The shares were sold for an average price of $ 102.45, for a total value of $ 76,837,500.00. Following the completion of the sale, the CEO now directly owns 1,309,873 shares of the Company, valued at approximately $ 134,196,488.85. Disclosure of this sale can be found here. Insiders have sold 764,736 shares of the company valued at $ 78,395,347 in the past ninety days. Company insiders own 4.00% of the company’s shares.
Several hedge funds have recently bought and sold shares in the company. Alpha Paradigm Partners LLC acquired a new stake in Ceridian HCM during the second quarter valued at approximately $ 28,000. Harbor Investment Advisory LLC acquired a new position in Ceridian HCM during the 2nd quarter valued at $ 36,000. O Shaughnessy Asset Management LLC increased its position in Ceridian HCM shares by 1,116.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 377 shares of the company valued at $ 36,000 after acquiring 346 additional shares in the last quarter. Penserra Capital Management LLC increased its stake in Ceridian HCM shares by 33.7% in the second quarter. Penserra Capital Management LLC now owns 436 shares of the company valued at $ 41,000 after purchasing an additional 110 shares during the period. Finally, Eaton Vance Management acquired a new stake in the shares of Ceridian HCM in the 1st quarter for a value of approximately $ 87,000.
CDAY action open for $ 114.57 Monday. The company has a debt ratio of 0.51, a current ratio of 1.11, and a rapid ratio of 1.11. The stock has a market cap of $ 17.17 billion, a P / E ratio of -266.44 and a beta of 1.37. The company has a 50-day moving average of $ 107.85 and a 200-day moving average of $ 96.76. Ceridian HCM has a minimum of $ 78.20 over 52 weeks and a maximum of $ 116.70 over 52 weeks.
Ceridian HCM (NYSE: CDAY) last released its quarterly earnings data on Wednesday, August 4. The company reported earnings per share (EPS) of $ 0.06 for the quarter, beating the consensus estimate of $ 0.03 by $ 0.03. The company posted revenue of $ 250.40 million for the quarter, compared to analysts’ estimates of $ 238.48 million. Ceridian HCM recorded a negative return on equity of 1.15% and a negative net margin of 6.92%. The company’s revenue for the quarter increased 30.0% compared to the same quarter last year. In the same quarter of the previous year, the company made a profit of $ 0.13 per share. Stock analysts expect Ceridian HCM to post EPS of -0.29 for the current year.
Ceridian HCM Company Profile
Ceridian HCM Holding, Inc is dedicated to the development of human capital management software. It offers Dayforce, Powerpay and Bureau products and services. Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. Powerpay is a cloud HR and payroll solution for the Canadian small business market, both through direct sales and established partner channels.
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