Ceridian HCM Holding Inc. (NYSE:CDAY) Receives $76.58 Consensus PT from Brokerages

Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) has earned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $75.50.

A number of brokerages have weighed in on CDAY. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ceridian HCM from $85.00 to $80.00 in a research report on Thursday. Piper Sandler boosted their price objective on Ceridian HCM from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. Credit Suisse Group upped their price target on Ceridian HCM from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. Cowen cut their price objective on Ceridian HCM from $90.00 to $75.00 in a report on Thursday, May 5th. Finally, Cowen cut their price objective on Ceridian HCM from $90.00 to $75.00 in a report on Thursday, May 5th.

Insider Transactions at Ceridian HCM

In related news, EVP Rakesh Subramanian sold 4,315 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $53.00, for a total transaction of $228,695.00. Following the sale, the executive vice president now owns 59,441 shares in the company, valued at $3,150,373. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Christopher R. Armstrong sold 1,811 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $52.99, for a total value of $95,964.89. Following the completion of the transaction, the chief operating officer now directly owns 112,977 shares of the company’s stock, valued at approximately $5,986,651.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rakesh Subramanian sold 4,315 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $53.00, for a total value of $228,695.00. Following the completion of the transaction, the executive vice president now directly owns 59,441 shares of the company’s stock, valued at $3,150,373. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,289 shares of company stock valued at $333,299. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new position in shares of Ceridian HCM during the 4th quarter worth approximately $185,000. State of Michigan Retirement System boosted its holdings in shares of Ceridian HCM by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 34,300 shares of the company’s stock valued at $3,583,000 after buying an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ceridian HCM in the 4th quarter valued at approximately $905,000. Yousif Capital Management LLC acquired a new stake in shares of Ceridian HCM in the 4th quarter valued at approximately $2,048,000. Finally, Xponance Inc. boosted its holdings in shares of Ceridian HCM by 24.1% in the 4th quarter. Xponance Inc. now owns 8,425 shares of the company’s stock valued at $880,000 after buying an additional 1,634 shares during the last quarter.

Ceridian HCM Stock Performance

Shares of NYSE:CDAY opened at $64.88 on Friday. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of -117.96 and a beta of 1.55. Ceridian HCM has a 52 week low of $43.23 and a 52 week high of $130.37. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $51.75 and a 200 day moving average of $60.64.

Ceridian HCM (NYSE:CDAYGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Ceridian HCM had a negative net margin of 7.72% and a negative return on equity of 3.11%. The company had revenue of $293.30 million for the quarter, compared to analysts’ expectations of $289.44 million. During the same period last year, the firm earned ($0.03) earnings per share. Ceridian HCM’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts predict that Ceridian HCM will post -0.16 earnings per share for the current fiscal year.

About Ceridian HCM

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Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.

Further Reading

Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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