Ceridian HCM Holding Inc (CDAY) EVP Ozzie J. Goldschmied Sells 225,000 Shares

Ceridian HCM Holding Inc (NYSE:CDAY) EVP Ozzie J. Goldschmied sold 225,000 shares of Ceridian HCM stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $40.00, for a total transaction of $9,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:CDAY traded up $0.10 during trading hours on Friday, hitting $40.12. The company had a trading volume of 743,400 shares, compared to its average volume of 663,464. Ceridian HCM Holding Inc has a 52 week low of $28.65 and a 52 week high of $44.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43.

Ceridian HCM (NYSE:CDAY) last announced its earnings results on Monday, October 29th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. Ceridian HCM had a negative net margin of 2.25% and a positive return on equity of 2.64%. The firm had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $176.29 million. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts expect that Ceridian HCM Holding Inc will post -0.09 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC bought a new stake in shares of Ceridian HCM during the 2nd quarter valued at $247,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ceridian HCM during the 2nd quarter valued at $286,000. Point72 Asset Management L.P. bought a new stake in shares of Ceridian HCM during the 2nd quarter valued at $332,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ceridian HCM during the 2nd quarter valued at $344,000. Finally, Dean Capital Investments Management LLC bought a new stake in shares of Ceridian HCM during the 2nd quarter valued at $425,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Several analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Ceridian HCM in a report on Friday, October 5th. They issued a “neutral” rating and a $45.00 price target on the stock. Deutsche Bank lifted their price target on shares of Ceridian HCM from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. Zacks Investment Research cut shares of Ceridian HCM from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Barclays lifted their price target on shares of Ceridian HCM from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price target on shares of Ceridian HCM in a report on Monday, October 29th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.86.

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Ceridian HCM Company Profile

Ceridian HCM Holding, Inc engages in the provision of human capital management services. It operates through Human Capital Management (HCM), and LifeWorks segments. The Human Capital Management segment includes cloud solutions, dayforce and powerplay, as well as bureau HCM solutions. The LifeWorks segment reflects the results of LifeWorks joint venture.

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