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.
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.
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