Ceridian HCM (CDAY) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of Ceridian HCM (NYSE:CDAY) in a report released on Tuesday, The Fly reports. The brokerage issued a sector weight rating on the stock.

Other equities analysts have also recently issued reports about the company. Piper Jaffray Companies reissued an overweight rating and issued a $50.00 price target on shares of Ceridian HCM in a report on Thursday, February 7th. Goldman Sachs Group assumed coverage on Ceridian HCM in a report on Friday, February 1st. They issued a neutral rating and a $37.00 price target for the company. Zacks Investment Research cut Ceridian HCM from a buy rating to a hold rating in a report on Thursday, March 14th. Mitsubishi UFJ Financial Group boosted their price target on Ceridian HCM to $49.00 and gave the stock an overweight rating in a report on Thursday, February 7th. Finally, Needham & Company LLC boosted their price target on Ceridian HCM to $53.00 and gave the stock a buy rating in a report on Thursday, February 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $43.40.

Shares of CDAY stock opened at $50.95 on Tuesday. The firm has a market cap of $7.16 billion and a P/E ratio of -1,019.00. Ceridian HCM has a 1 year low of $28.65 and a 1 year high of $52.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.43.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $200.30 million for the quarter, compared to analyst estimates of $196.56 million. Ceridian HCM had a positive return on equity of 0.04% and a negative net margin of 6.82%. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Ceridian HCM will post 0.44 earnings per share for the current year.

In other Ceridian HCM news, EVP Lisa M. Sterling sold 11,250 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.84, for a total transaction of $560,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ozzie J. Goldschmied sold 45,000 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $40.00, for a total value of $1,800,000.00. The disclosure for this sale can be found here. Insiders sold 14,364,892 shares of company stock valued at $703,169,802 over the last quarter. Insiders own 26.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its position in Ceridian HCM by 48.7% during the fourth quarter. American International Group Inc. now owns 849 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Ceridian HCM during the fourth quarter valued at about $33,000. Public Employees Retirement Association of Colorado grew its position in Ceridian HCM by 47.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock valued at $44,000 after acquiring an additional 409 shares during the period. Deutsche Bank AG boosted its position in shares of Ceridian HCM by 23.8% in the fourth quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after buying an additional 274 shares during the period. Finally, Pearl River Capital LLC purchased a new stake in shares of Ceridian HCM in the fourth quarter worth about $66,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

About Ceridian HCM

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.

Featured Story: How Do You Make Money With Penny Stocks?

The Fly

Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

Receive News & Ratings for Ceridian HCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceridian HCM and related companies with MarketBeat.com's FREE daily email newsletter.