Ceridian HCM Holding Inc (CDAY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Ceridian HCM Holding Inc (NYSE:CDAY) have earned an average recommendation of “Buy” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.73.

Several brokerages have issued reports on CDAY. Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday. Needham & Company LLC increased their price objective on shares of Ceridian HCM to $53.00 and gave the company a “buy” rating in a research report on Thursday, February 7th. Mitsubishi UFJ Financial Group increased their price objective on shares of Ceridian HCM to $49.00 and gave the company an “overweight” rating in a research report on Thursday, February 7th. Goldman Sachs Group began coverage on shares of Ceridian HCM in a research report on Friday, February 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Ceridian HCM in a research report on Thursday, February 7th.

In related news, COO Paul D. Elliott sold 17,050 shares of the firm’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $36.00, for a total transaction of $613,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Arthur Gitajn sold 86,500 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $47.01, for a total value of $4,066,365.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,866 shares of company stock valued at $14,049,791.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC lifted its stake in Ceridian HCM by 15.0% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,927,540 shares of the company’s stock worth $135,461,000 after purchasing an additional 512,067 shares during the last quarter. Capital Research Global Investors lifted its stake in Ceridian HCM by 53.7% during the third quarter. Capital Research Global Investors now owns 2,920,293 shares of the company’s stock worth $122,740,000 after purchasing an additional 1,020,293 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ceridian HCM by 3.1% during the third quarter. Vanguard Group Inc. now owns 2,196,582 shares of the company’s stock worth $92,323,000 after purchasing an additional 66,585 shares during the last quarter. Vanguard Group Inc lifted its stake in Ceridian HCM by 3.1% during the third quarter. Vanguard Group Inc now owns 2,196,582 shares of the company’s stock worth $92,323,000 after purchasing an additional 66,585 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in Ceridian HCM by 27.8% during the third quarter. Bamco Inc. NY now owns 1,946,170 shares of the company’s stock worth $81,798,000 after purchasing an additional 423,380 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Shares of NYSE:CDAY opened at $51.38 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.06. Ceridian HCM has a 52-week low of $28.65 and a 52-week high of $51.79. The company has a market capitalization of $6.83 billion and a price-to-earnings ratio of -1,027.60.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $196.56 million. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts anticipate 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 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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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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