Ceridian HCM Holding Inc (NYSE:CDAY) Given Consensus Rating of “Hold” by Brokerages

Shares of Ceridian HCM Holding Inc (NYSE:CDAY) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $55.83.

Several analysts have recently commented on the stock. Barclays set a $50.00 price target on shares of Ceridian HCM and gave the company a “hold” rating in a research report on Wednesday, July 31st. Canaccord Genuity set a $55.00 target price on shares of Ceridian HCM and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Ceridian HCM from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 6th. Robert W. Baird raised their target price on shares of Ceridian HCM from $48.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Mizuho set a $65.00 target price on shares of Ceridian HCM and gave the stock a “buy” rating in a research report on Friday, September 6th.

In other Ceridian HCM news, EVP Lisa M. Sterling sold 6,250 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $49.30, for a total transaction of $308,125.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas H. Lee Advisors, Llc sold 6,500,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $56.00, for a total transaction of $364,000,000.00. In the last 90 days, insiders have sold 17,201,162 shares of company stock worth $895,176,581. 26.90% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Aperio Group LLC purchased a new position in Ceridian HCM during the second quarter worth approximately $25,000. Deutsche Bank AG raised its stake in Ceridian HCM by 23.8% during the fourth quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after purchasing an additional 274 shares during the period. Toronto Dominion Bank raised its stake in Ceridian HCM by 2,627.9% during the second quarter. Toronto Dominion Bank now owns 1,664 shares of the company’s stock worth $57,000 after purchasing an additional 1,603 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ceridian HCM by 81.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock worth $89,000 after purchasing an additional 779 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Ceridian HCM during the first quarter worth approximately $92,000. 81.92% of the stock is currently owned by institutional investors.

Shares of CDAY stock traded down $0.58 during trading hours on Friday, hitting $51.79. The company’s stock had a trading volume of 637,421 shares, compared to its average volume of 781,524. The business has a fifty day moving average of $53.84 and a 200-day moving average of $51.21. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of -1,035.80 and a beta of 1.53. Ceridian HCM has a twelve month low of $31.39 and a twelve month high of $58.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $196.30 million for the quarter, compared to analyst estimates of $192.29 million. Ceridian HCM had a net margin of 4.19% and a return on equity of 2.34%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. On average, equities analysts expect that Ceridian HCM will post 0.5 EPS for the current fiscal year.

Ceridian HCM Company Profile

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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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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