Ceridian HCM Holding Inc (NYSE:CDAY) EVP Lisa M. Sterling Sells 11,250 Shares

Ceridian HCM Holding Inc (NYSE:CDAY) EVP Lisa M. Sterling sold 11,250 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.84, for a total value of $560,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of CDAY traded down $0.20 during trading hours on Friday, reaching $49.90. 470,888 shares of the company traded hands, compared to its average volume of 645,285. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.43. The firm has a market cap of $6.90 billion and a P/E ratio of -998.00. Ceridian HCM Holding Inc has a fifty-two week low of $28.65 and a fifty-two week high of $52.60.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $200.30 million for the quarter, compared to analyst estimates of $196.56 million. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts expect that Ceridian HCM Holding Inc will post 0.44 EPS for the current fiscal year.

CDAY has been the topic of several research reports. Needham & Company LLC initiated coverage on Ceridian HCM in a report on Thursday, January 3rd. They issued a “buy” rating and a $40.00 target price on the stock. Goldman Sachs Group initiated coverage on Ceridian HCM in a report on Friday, February 1st. They issued a “neutral” rating and a $37.00 target price on the stock. 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. Mitsubishi UFJ Financial Group upped their target price on Ceridian HCM to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 7th. Finally, Zacks Investment Research raised 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. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $43.40.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDAY. American International Group Inc. lifted its position in Ceridian HCM by 48.7% during the fourth quarter. American International Group Inc. now owns 849 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Ceridian HCM in the 4th quarter worth about $33,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Ceridian HCM by 47.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 409 shares during the period. Deutsche Bank AG raised its holdings in shares of Ceridian HCM by 23.8% in the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after purchasing an additional 274 shares during the period. Finally, Pearl River Capital LLC purchased a new position in shares of Ceridian HCM in the 4th quarter worth about $66,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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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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