Ceridian HCM (NYSE:CDAY) Sets New 1-Year High at $61.34

Ceridian HCM Holding Inc (NYSE:CDAY) shares hit a new 52-week high on Tuesday . The stock traded as high as $61.34 and last traded at $61.18, with a volume of 199728 shares. The stock had previously closed at $60.37.

CDAY has been the subject of several recent research reports. Citigroup raised shares of Ceridian HCM from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $58.00 in a research report on Friday, October 25th. Mizuho set a $65.00 price target on Ceridian HCM and gave the company a “buy” rating in a report on Friday, September 6th. TheStreet raised Ceridian HCM from a “d+” rating to a “c-” rating in a research report on Wednesday, November 20th. Barclays set a $52.00 price objective on Ceridian HCM and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada began coverage on Ceridian HCM in a research report on Tuesday. They issued an “outperform” rating and a $71.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.14.

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average is $52.25 and its two-hundred day moving average is $51.64. The firm has a market cap of $8.69 billion, a P/E ratio of -1,221.70 and a beta of 1.57.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $202.30 million during the quarter, compared to analyst estimates of $196.52 million. Ceridian HCM had a return on equity of 2.24% and a net margin of 11.34%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, analysts anticipate that Ceridian HCM Holding Inc will post 0.3 earnings per share for the current year.

In other news, CEO David D. Ossip sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $56.00, for a total value of $28,000,000.00. Also, Director Thomas H. Lee Advisors, Llc sold 6,500,000 shares of the company’s 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. Insiders have sold a total of 12,006,250 shares of company stock worth $657,725,063 in the last ninety days. 26.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY increased its holdings in shares of Ceridian HCM by 35.4% in the first quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the company’s stock valued at $187,000 after buying an additional 955 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Ceridian HCM during the first quarter worth $6,042,000. Strs Ohio raised its position in shares of Ceridian HCM by 15.9% during the second quarter. Strs Ohio now owns 5,744 shares of the company’s stock worth $288,000 after purchasing an additional 787 shares during the period. Creative Planning purchased a new stake in shares of Ceridian HCM during the second quarter valued at $1,928,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ceridian HCM by 32.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,308 shares of the company’s stock valued at $116,000 after purchasing an additional 568 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Ceridian HCM Company Profile (NYSE:CDAY)

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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