Ceridian HCM (CDAY) Hits New 1-Year High at $46.44

Ceridian HCM Holding Inc (NYSE:CDAY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.44 and last traded at $45.72, with a volume of 3824 shares traded. The stock had previously closed at $45.13.

A number of equities research analysts have commented on CDAY shares. Goldman Sachs Group started coverage on Ceridian HCM in a research report on Friday, February 1st. They issued a “neutral” rating and a $37.00 price target on the stock. Zacks Investment Research upgraded Ceridian HCM from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, October 15th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $50.00 price target on shares of Ceridian HCM in a research report on Thursday, February 7th. Mitsubishi UFJ Financial Group upped their price target on Ceridian HCM to $49.00 and gave the company an “overweight” rating in a research report on Thursday, February 7th. Finally, Needham & Company LLC started coverage on Ceridian HCM in a research report on Thursday, January 3rd. They issued a “buy” rating and a $40.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ceridian HCM has an average rating of “Buy” and an average price target of $42.47.

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.16 billion and a P/E ratio of -909.30.

Ceridian HCM (NYSE:CDAY) last announced its earnings results on Wednesday, February 6th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Ceridian HCM had a negative net margin of 6.82% and a positive return on equity of 0.04%. The business had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.56 million. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Ceridian HCM Holding Inc will post 0.46 earnings per share for the current year.

In related news, COO Paul D. Elliott sold 196,288 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $40.00, for a total transaction of $7,851,520.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cannae Holdings, Inc. sold 4,396,694 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $34.70, for a total value of $152,565,281.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,090,348 shares of company stock worth $179,400,228.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc raised its stake in Ceridian HCM by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 2,196,582 shares of the company’s stock worth $92,323,000 after buying an additional 66,585 shares during the period. Parkwood LLC acquired a new position in Ceridian HCM during the 3rd quarter worth approximately $1,122,000. BlackRock Inc. acquired a new position in Ceridian HCM during the 2nd quarter worth approximately $28,814,000. Capital Research Global Investors raised its stake in Ceridian HCM by 53.7% during the 3rd quarter. Capital Research Global Investors now owns 2,920,293 shares of the company’s stock worth $122,740,000 after buying an additional 1,020,293 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Ceridian HCM by 0.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 53,377 shares of the company’s stock worth $2,243,000 after buying an additional 345 shares during the period. 66.81% of the stock is currently owned by institutional investors and hedge funds.

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Ceridian HCM Company Profile (NYSE:CDAY)

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.

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