Ceridian HCM Holding Inc (NYSE:CDAY) – Equities researchers at KeyCorp decreased their FY2019 earnings estimates for Ceridian HCM in a research report issued to clients and investors on Wednesday, May 1st. KeyCorp analyst A. Ramnani now expects that the company will post earnings per share of $0.28 for the year, down from their previous estimate of $0.48. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Ceridian HCM’s FY2020 earnings at $0.51 EPS.
Ceridian HCM (NYSE:CDAY) last released its earnings results on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Ceridian HCM had a positive return on equity of 0.89% and a negative net margin of 5.13%. The company had revenue of $203.70 million for the quarter, compared to analyst estimates of $203.99 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, February 7th. Needham & Company LLC boosted their target price on Ceridian HCM to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 7th. Goldman Sachs Group initiated coverage on Ceridian HCM in a research note on Friday, February 1st. They set a “neutral” rating and a $37.00 target price for the company. Mitsubishi UFJ Financial Group boosted their target price on Ceridian HCM to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, February 7th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $50.00 price target on shares of Ceridian HCM in a report on Thursday, February 7th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.87.
CDAY opened at $50.15 on Monday. Ceridian HCM has a 12 month low of $31.39 and a 12 month high of $53.71. The firm has a market cap of $6.87 billion and a P/E ratio of -1,003.00. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 0.41.
In related news, EVP Lisa M. Sterling sold 11,250 shares of Ceridian HCM stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $49.84, for a total value of $560,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas H. Lee Advisors, Llc sold 1,222,142 shares of Ceridian HCM stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $48.99, for a total value of $59,872,736.58. The disclosure for this sale can be found here. Insiders sold a total of 14,319,892 shares of company stock valued at $701,369,802 over the last three months. Company insiders own 26.90% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Deutsche Bank AG lifted its position in Ceridian HCM by 23.8% during the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after acquiring an additional 274 shares during the last quarter. American International Group Inc. lifted its stake in shares of Ceridian HCM by 48.7% during the 4th quarter. American International Group Inc. now owns 849 shares of the company’s stock worth $29,000 after purchasing an additional 278 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Ceridian HCM by 0.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 53,377 shares of the company’s stock worth $2,243,000 after purchasing an additional 345 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Ceridian HCM by 47.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 409 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ceridian HCM by 81.1% during the 1st 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. Institutional investors and hedge funds own 80.12% of the company’s stock.
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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