Ceridian HCM (CDAY) Hits New 1-Year High at $46.44

Shares of Ceridian HCM Holding Inc (NYSE:CDAY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $46.44 and last traded at $45.72, with a volume of 3824 shares. The stock had previously closed at $45.13.

Several analysts have recently commented on the company. Needham & Company LLC increased their target price on Ceridian HCM to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research upgraded Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, February 7th. Canaccord Genuity restated a “hold” rating and set a $36.00 target price on shares of Ceridian HCM in a report on Monday, October 29th. Mitsubishi UFJ Financial Group raised their target price on Ceridian HCM to $49.00 and gave the stock an “overweight” rating in a report on Thursday, February 7th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $50.00 target price on shares of Ceridian HCM in a report on Thursday, February 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ceridian HCM presently has a consensus rating of “Buy” and a consensus target price of $42.47.

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $6.16 billion and a price-to-earnings ratio of -909.30.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Ceridian HCM had a negative net margin of 6.82% and a positive return on equity of 0.04%. The company had revenue of $200.30 million during the quarter, compared to the consensus estimate of $196.56 million. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Ceridian HCM Holding Inc will post 0.46 EPS for the current fiscal year.

In related news, Director Cannae Holdings, Inc. sold 4,396,694 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Paul D. Elliott sold 196,288 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $40.00, for a total value of $7,851,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,090,348 shares of company stock valued at $179,400,228 over the last quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its stake in Ceridian HCM by 53.7% in the 3rd quarter. Capital Research Global Investors now owns 2,920,293 shares of the company’s stock valued at $122,740,000 after purchasing an additional 1,020,293 shares during the period. Vanguard Group Inc. boosted its stake in Ceridian HCM by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,196,582 shares of the company’s stock valued at $92,323,000 after purchasing an additional 66,585 shares during the period. Vanguard Group Inc raised its holdings in Ceridian HCM by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 2,196,582 shares of the company’s stock valued at $92,323,000 after acquiring an additional 66,585 shares in the last quarter. Bamco Inc. NY raised its holdings in Ceridian HCM by 27.8% in the 3rd quarter. Bamco Inc. NY now owns 1,946,170 shares of the company’s stock valued at $81,798,000 after acquiring an additional 423,380 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Ceridian HCM by 73.2% in the 4th quarter. BlackRock Inc. now owns 1,537,914 shares of the company’s stock valued at $53,041,000 after acquiring an additional 649,966 shares in the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

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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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