Ceridian HCM (CDAY) Trading Up 4.8%

Ceridian HCM Holding Inc (NYSE:CDAY) was up 4.8% during mid-day trading on Monday . The stock traded as high as $41.85 and last traded at $43.34. Approximately 13,727 shares were traded during trading, a decline of 94% from the average daily volume of 226,652 shares. The stock had previously closed at $41.34.

A number of research analysts recently weighed in on the stock. William Blair raised shares of Ceridian HCM from a “market perform” rating to an “outperform” rating in a research note on Friday, August 10th. Mitsubishi UFJ Financial Group initiated coverage on shares of Ceridian HCM in a report on Monday, May 21st. They issued an “overweight” rating and a $46.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Ceridian HCM in a report on Monday, May 21st. They issued a “hold” rating and a $37.00 price objective for the company. MED cut their price objective on shares of Ceridian HCM to $40.00 and set an “overweight” rating for the company in a report on Tuesday, May 22nd. Finally, Canaccord Genuity initiated coverage on shares of Ceridian HCM in a report on Monday, May 21st. They issued a “hold” rating and a $36.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.17.

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.44.

Ceridian HCM (NYSE:CDAY) last posted its earnings results on Wednesday, August 8th. The company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The company had revenue of $179.30 million during the quarter, compared to analyst estimates of $174.47 million. sell-side analysts forecast that Ceridian HCM Holding Inc will post -0.25 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new stake in Ceridian HCM in the 2nd quarter valued at approximately $247,000. Public Employees Retirement System of Ohio purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $286,000. Point72 Asset Management L.P. purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $332,000. Cubist Systematic Strategies LLC purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $344,000. Finally, Dean Capital Investments Management LLC purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $425,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

About Ceridian HCM (NYSE:CDAY)

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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