Ceridian HCM (NYSE:CDAY) PT Raised to $52.00

Ceridian HCM (NYSE:CDAY) had its target price lifted by Credit Suisse Group from $45.00 to $52.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird upped their price target on shares of Ceridian HCM from $48.00 to $58.00 and gave the stock an outperform rating in a research report on Wednesday. Piper Jaffray Companies upped their price target on shares of Ceridian HCM from $50.00 to $65.00 and gave the stock a positive rating in a research report on Tuesday, April 30th. KeyCorp assumed coverage on shares of Ceridian HCM in a research report on Tuesday, April 16th. They set a sector weight rating for the company. Zacks Investment Research raised shares of Ceridian HCM from a strong sell rating to a hold rating in a research report on Thursday, June 6th. Finally, Needham & Company LLC upped their price target on shares of Ceridian HCM to $60.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ceridian HCM presently has a consensus rating of Hold and an average target price of $51.69.

Ceridian HCM stock traded up $0.61 during trading on Wednesday, reaching $52.66. 813,998 shares of the company’s stock were exchanged, compared to its average volume of 731,271. The business’s 50-day simple moving average is $50.85. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.06. Ceridian HCM has a 52-week low of $31.39 and a 52-week high of $56.10. The company has a market cap of $7.39 billion, a price-to-earnings ratio of -1,053.20 and a beta of 1.59.

Ceridian HCM (NYSE:CDAY) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Ceridian HCM had a net margin of 4.19% and a return on equity of 2.34%. The firm had revenue of $196.30 million during the quarter, compared to analysts’ expectations of $192.29 million. During the same period in the prior year, the company earned ($0.44) EPS. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts anticipate that Ceridian HCM will post 0.49 EPS for the current fiscal year.

In other news, EVP Ozzie J. Goldschmied sold 63,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $53.99, for a total value of $3,401,370.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lisa M. Sterling sold 6,250 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $49.30, for a total transaction of $308,125.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,155,750 shares of company stock valued at $108,613,210. 26.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of CDAY. Aperio Group LLC acquired a new stake in Ceridian HCM during the second quarter worth about $25,000. American International Group Inc. raised its stake 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 acquiring an additional 278 shares during the period. Deutsche Bank AG raised its stake in Ceridian HCM by 23.8% during the fourth quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after acquiring an additional 274 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ceridian HCM by 81.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock worth $89,000 after acquiring an additional 779 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Ceridian HCM during the first quarter worth about $92,000. Institutional investors and hedge funds own 79.57% of the company’s stock.

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.

See Also: Diluted Earnings Per Share

The Fly

Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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