Ceridian HCM Holding Inc. (NYSE:CDAY) Receives $118.10 Consensus PT from Analysts

Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $117.20.

Several analysts have issued reports on CDAY shares. Zacks Investment Research raised shares of Ceridian HCM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 5th. Wells Fargo & Company lowered shares of Ceridian HCM from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $100.00 in a research report on Thursday, January 6th. Piper Sandler dropped their price target on shares of Ceridian HCM from $114.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday. DA Davidson initiated coverage on shares of Ceridian HCM in a research report on Wednesday, October 13th. They set a “buy” rating and a $135.00 price target for the company. Finally, Barclays dropped their price target on shares of Ceridian HCM from $115.00 to $92.00 and set an “underweight” rating for the company in a research report on Wednesday.

CDAY stock opened at $82.83 on Wednesday. Ceridian HCM has a 52 week low of $78.20 and a 52 week high of $130.37. The company’s 50-day moving average price is $105.72 and its 200 day moving average price is $108.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 1.07.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings data on Wednesday, November 3rd. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.14. The firm had revenue of $257.20 million for the quarter, compared to the consensus estimate of $253.72 million. Ceridian HCM had a negative net margin of 8.62% and a negative return on equity of 1.86%. On average, research analysts expect that Ceridian HCM will post -0.35 earnings per share for the current fiscal year.

In other news, EVP William Everett Mcdonald sold 8,750 shares of the firm’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $122.22, for a total value of $1,069,425.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Hagerty sold 20,978 shares of the firm’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $124.24, for a total transaction of $2,606,306.72. The disclosure for this sale can be found here. Insiders have sold a total of 542,728 shares of company stock worth $57,800,612 over the last quarter. 4.00% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. DNB Asset Management AS lifted its position in shares of Ceridian HCM by 25.4% in the 4th quarter. DNB Asset Management AS now owns 20,643 shares of the company’s stock worth $2,156,000 after buying an additional 4,178 shares during the last quarter. Hollencrest Capital Management acquired a new position in Ceridian HCM during the 4th quarter valued at about $9,292,000. UBS Asset Management Americas Inc. increased its stake in Ceridian HCM by 6.9% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 412,381 shares of the company’s stock valued at $46,442,000 after buying an additional 26,450 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Ceridian HCM during the 3rd quarter valued at about $399,000. Finally, Kentucky Retirement Systems acquired a new position in Ceridian HCM during the 3rd quarter valued at about $892,000.

About Ceridian HCM

Ceridian HCM Holding, Inc engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.

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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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