Insider Selling: Ceridian HCM Holding Inc (CDAY) COO Sells $613,800.00 in Stock

Ceridian HCM Holding Inc (NYSE:CDAY) COO Paul D. Elliott sold 17,050 shares of the stock in a transaction on Monday, January 7th. The shares were sold at an average price of $36.00, for a total value of $613,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CDAY stock opened at $35.95 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03. Ceridian HCM Holding Inc has a twelve month low of $28.65 and a twelve month high of $44.98.

Ceridian HCM (NYSE:CDAY) last released its earnings results on Monday, October 29th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Ceridian HCM had a positive return on equity of 2.64% and a negative net margin of 2.25%. The business had revenue of $179.60 million for the quarter, compared to analyst estimates of $176.29 million. The company’s revenue was up 9.8% on a year-over-year basis. Analysts anticipate that Ceridian HCM Holding Inc will post -0.09 earnings per share for the current year.



A number of hedge funds have recently added to or reduced their stakes in CDAY. State of Alaska Department of Revenue increased its stake in Ceridian HCM by 49.7% in the fourth quarter. State of Alaska Department of Revenue now owns 4,329 shares of the company’s stock worth $149,000 after purchasing an additional 1,437 shares during the period. Voya Investment Management LLC purchased a new stake in Ceridian HCM in the second quarter worth $247,000. Public Employees Retirement System of Ohio purchased a new stake in Ceridian HCM in the second quarter worth $286,000. Point72 Asset Management L.P. purchased a new stake in Ceridian HCM in the second quarter worth $332,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Ceridian HCM in the second quarter worth $344,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

CDAY has been the topic of several recent research reports. Deutsche Bank increased their price target on Ceridian HCM from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. Needham & Company LLC initiated coverage on Ceridian HCM in a report on Thursday, January 3rd. They set a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded Ceridian HCM from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, October 15th. Credit Suisse Group initiated coverage on Ceridian HCM in a report on Friday, October 5th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, Canaccord Genuity restated a “hold” rating and set a $36.00 price target on shares of Ceridian HCM in a report on Monday, October 29th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.87.

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Ceridian HCM Company Profile

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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