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.
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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