Ceridian HCM Holding Inc. (NYSE:CDAY) Given Consensus Recommendation of “Hold” by Brokerages

Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) has earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $75.08.

A number of analysts have issued reports on CDAY shares. Piper Sandler lifted their target price on shares of Ceridian HCM from $48.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Barclays dropped their price target on shares of Ceridian HCM from $59.00 to $52.00 and set an “underweight” rating on the stock in a research report on Monday, July 18th. Citigroup began coverage on shares of Ceridian HCM in a research report on Thursday, September 1st. They issued a “buy” rating and a $73.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Ceridian HCM from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Credit Suisse Group lifted their price target on shares of Ceridian HCM from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th.

Ceridian HCM Stock Performance

CDAY stock opened at $58.94 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $9.02 billion, a P/E ratio of -115.57 and a beta of 1.49. The firm has a 50 day simple moving average of $59.51 and a 200 day simple moving average of $58.28. Ceridian HCM has a 52 week low of $43.23 and a 52 week high of $130.37.

Ceridian HCM (NYSE:CDAYGet Rating) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $301.20 million during the quarter, compared to analysts’ expectations of $294.40 million. Ceridian HCM had a negative net margin of 6.84% and a negative return on equity of 2.68%. Research analysts anticipate that Ceridian HCM will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Ceridian HCM

In related news, EVP Joseph B. Korngiebel sold 11,418 shares of the stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $63.27, for a total value of $722,416.86. Following the completion of the sale, the executive vice president now owns 99,603 shares in the company, valued at $6,301,881.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ceridian HCM

Several hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors lifted its stake in Ceridian HCM by 1.0% during the fourth quarter. Capital Research Global Investors now owns 18,543,250 shares of the company’s stock worth $1,937,032,000 after purchasing an additional 187,146 shares during the period. Vanguard Group Inc. lifted its stake in Ceridian HCM by 0.8% during the first quarter. Vanguard Group Inc. now owns 15,174,664 shares of the company’s stock worth $1,037,341,000 after purchasing an additional 115,168 shares during the period. Select Equity Group L.P. lifted its stake in Ceridian HCM by 22.3% during the first quarter. Select Equity Group L.P. now owns 14,994,453 shares of the company’s stock worth $1,025,021,000 after purchasing an additional 2,731,243 shares during the period. Capital International Investors bought a new position in Ceridian HCM during the first quarter worth about $366,250,000. Finally, State Street Corp lifted its stake in Ceridian HCM by 4.6% during the fourth quarter. State Street Corp now owns 5,114,954 shares of the company’s stock worth $534,308,000 after purchasing an additional 224,256 shares during the period.

Ceridian HCM Company Profile

(Get Rating)

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.

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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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