Stocks of Ceridian HCM Holding Inc. (NYSE:CDAY) traded higher last session on Wall Street, up 2.70% to $71.90.
According to the data, Ceridian HCM Holding Inc. (NYSE:CDAY) has 19 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $65.00, we find $76.00. Given the previous closing price of $70.01, this indicates a potential upside of 8.56 percent. CDAY stock price is now 9.53% away from the 50-day moving average and 8.31% away from the 200-day moving average. The market capitalization of the company currently stands at $10.85B.
A total of 9 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $77.14 as their price target over the next twelve months.
With the price target enhanced from $69 to $71, TD Cowen Downgraded its rating from Outperform to Market Perform for Ceridian HCM Holding Inc. (NYSE: CDAY).
In other news, Holdridge Stephen H., President Customer&Revenue Ops sold 1,000 shares of the company’s stock on Jul 18. The stock was sold for $72,500 at an average price of $72.50. Upon completion of the transaction, the President Customer&Revenue Ops now directly owns 64,756 shares in the company, valued at $4.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 17, President Customer&Revenue Ops Holdridge Stephen H. sold 1,000 shares of the business’s stock. A total of $70,000 was realized by selling the stock at an average price of $70.00. This leaves the insider owning 65,756 shares of the company worth $4.73 million. Insiders disposed of 216,324 shares of company stock worth roughly $15.55 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CDAY stock. A new stake in Ceridian HCM Holding Inc. shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $10,515,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $10,116,000 in shares of CDAY during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Ceridian HCM Holding Inc. valued at approximately $4,896,000. SHELTON CAPITAL MANAGEMENT acquired a new stake in CDAY for approximately $3,858,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in CDAY valued at around $3,829,000 in the second quarter. In total, there are 616 active investors with 105.82% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $71.55 for Ceridian HCM Holding Inc. (NYSE: CDAY). During the past 12 months, Ceridian HCM Holding Inc. has had a low of $51.52 and a high of $79.66. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for CDAY is $65.91 and a two-hundred day moving average price translates $66.46 for the stock.
The latest earnings results from Ceridian HCM Holding Inc. (NYSE: CDAY) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.31, inline with analysts’ expectations of $0.31. This compares to -$0.18 EPS in the same period last year. The net profit margin was -2.70% and return on equity was -1.70% for CDAY. The company reported revenue of $370.6 million for the quarter, compared to $293.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.36 percent. For the current quarter, analysts expect CDAY to generate $358.4M in revenue.
Ceridian HCM Holding Inc.(CDAY) Company Profile
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, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.
