Ceridian HCM Holding Inc (CDAY) Receives Average Recommendation of “Buy” from Brokerages

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Ceridian HCM Holding Inc (NYSE:CDAY) has received a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.47.

Several research firms have recently commented on CDAY. Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, February 7th. Mitsubishi UFJ Financial Group boosted their target price on shares of Ceridian HCM to $49.00 and gave the stock an “overweight” rating in a report on Thursday, February 7th. Needham & Company LLC boosted their target price on shares of Ceridian HCM to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 7th. Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 target price on shares of Ceridian HCM in a report on Thursday, February 7th. Finally, Goldman Sachs Group began coverage on shares of Ceridian HCM in a report on Friday, February 1st. They issued a “neutral” rating and a $37.00 target price on the stock.

In related news, COO Paul D. Elliott sold 196,288 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $40.00, for a total value of $7,851,520.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa M. Sterling sold 12,500 shares of the business’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $35.86, for a total transaction of $448,250.00. The disclosure for this sale can be found here. Insiders sold 693,654 shares of company stock worth $26,834,946 in the last 90 days.

A number of institutional investors and hedge funds have recently made changes to their positions in CDAY. Northern Trust Corp bought a new stake in Ceridian HCM in the second quarter worth $4,813,000. TCW Group Inc. increased its position in Ceridian HCM by 24.2% during the third quarter. TCW Group Inc. now owns 493,984 shares of the company’s stock valued at $20,762,000 after acquiring an additional 96,125 shares during the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in Ceridian HCM during the third quarter valued at $851,000. Wells Fargo & Company MN increased its position in Ceridian HCM by 84.1% during the third quarter. Wells Fargo & Company MN now owns 23,627 shares of the company’s stock valued at $994,000 after acquiring an additional 10,790 shares during the last quarter. Finally, EAM Investors LLC bought a new position in Ceridian HCM during the third quarter valued at $2,757,000. Institutional investors own 66.89% of the company’s stock.

Shares of NYSE:CDAY opened at $46.59 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43. Ceridian HCM has a 1-year low of $28.65 and a 1-year high of $46.77. The company has a market cap of $6.27 billion and a price-to-earnings ratio of -931.80.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings results on Wednesday, February 6th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Ceridian HCM had a negative net margin of 6.82% and a positive return on equity of 0.04%. The firm had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $196.56 million. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Ceridian HCM will post 0.44 EPS for the current fiscal year.

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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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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