KeyCorp began coverage on shares of Ceridian HCM (NYSE:CDAY) in a research note issued to investors on Tuesday, The Fly reports. The firm issued a sector weight rating on the stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Ceridian HCM from a hold rating to a strong-buy rating and set a $59.00 price target for the company in a report on Wednesday, April 10th. Mitsubishi UFJ Financial Group increased their price target on Ceridian HCM to $49.00 and gave the stock an overweight rating in a report on Thursday, February 7th. Needham & Company LLC increased their price target on Ceridian HCM to $53.00 and gave the stock a buy rating in a report on Thursday, February 7th. Piper Jaffray Companies reiterated an overweight rating and set a $50.00 price target on shares of Ceridian HCM in a report on Thursday, February 7th. Finally, Goldman Sachs Group began coverage on Ceridian HCM in a report on Friday, February 1st. They set a neutral rating and a $37.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Ceridian HCM currently has a consensus rating of Buy and a consensus price target of $43.40.
Shares of NYSE:CDAY opened at $50.95 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $7.16 billion and a price-to-earnings ratio of -1,019.00. Ceridian HCM has a 52-week low of $28.65 and a 52-week high of $52.60.
Ceridian HCM (NYSE:CDAY) last issued its earnings results 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). The company had revenue of $200.30 million during the quarter, compared to analysts’ expectations of $196.56 million. Ceridian HCM had a negative net margin of 6.82% and a positive return on equity of 0.04%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts expect that Ceridian HCM will post 0.44 earnings per share for the current fiscal year.
In other Ceridian HCM news, EVP Ozzie J. Goldschmied sold 45,000 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $40.00, for a total value of $1,800,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Lisa M. Sterling sold 11,250 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.84, for a total value of $560,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,364,892 shares of company stock valued at $703,169,802 over the last 90 days. 26.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Whale Rock Capital Management LLC raised its position in Ceridian HCM by 15.0% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,927,540 shares of the company’s stock valued at $135,461,000 after purchasing an additional 512,067 shares in the last quarter. Vanguard Group Inc raised its position in Ceridian HCM by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 2,196,582 shares of the company’s stock valued at $92,323,000 after purchasing an additional 66,585 shares in the last quarter. Vanguard Group Inc. raised its position in Ceridian HCM by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,196,582 shares of the company’s stock valued at $92,323,000 after purchasing an additional 66,585 shares in the last quarter. Partners Group Holding AG acquired a new stake in shares of Ceridian HCM during the 4th quarter worth about $62,981,000. Finally, BlackRock Inc. raised its position in shares of Ceridian HCM by 73.2% during the 4th quarter. BlackRock Inc. now owns 1,537,914 shares of the company’s stock worth $53,041,000 after acquiring an additional 649,966 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.
About Ceridian HCM
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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