Ceridian HCM Holding Inc. (NYSE:CDAY) - Investment analysts at Piper Sandler decreased their FY2022 earnings per share estimates for shares of Ceridian HCM in a research note issued to investors on Sunday, May 2nd. Piper Sandler analyst A. Ramnani now anticipates that the company will earn $0.46 per share for the year, down from their previous estimate of $0.48. Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings results on Monday, February 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.02. The company had revenue of $222.80 million for the quarter, compared to analysts' expectations of $217.96 million. Ceridian HCM had a return on equity of 1.34% and a net margin of 1.40%.
CDAY has been the subject of a number of other reports. Wells Fargo & Company raised their target price on Ceridian HCM from $101.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, February 10th. Credit Suisse Group decreased their price target on shares of Ceridian HCM from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, February 10th. Needham & Company LLC boosted their target price on Ceridian HCM from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, February 10th. BMO Capital Markets upgraded Ceridian HCM from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $112.00 to $115.00 in a research note on Tuesday, February 16th. Finally, Barclays reduced their price objective on Ceridian HCM from $108.00 to $97.00 and set an "equal weight" rating for the company in a research note on Thursday, April 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of "Buy" and an average price target of $94.00.
Shares of NYSE:CDAY opened at $89.77 on Wednesday. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 1,122.27 and a beta of 1.39. The company has a 50-day moving average price of $89.03 and a 200 day moving average price of $94.56. Ceridian HCM has a 12 month low of $58.61 and a 12 month high of $111.93. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CDAY. Metropolitan Life Insurance Co NY boosted its holdings in shares of Ceridian HCM by 35.4% during the first quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the company's stock worth $187,000 after purchasing an additional 955 shares during the last quarter. First Trust Advisors LP acquired a new position in Ceridian HCM in the first quarter worth about $6,042,000. Morgan Stanley boosted its stake in Ceridian HCM by 82.7% in the third quarter. Morgan Stanley now owns 9,497 shares of the company's stock valued at $785,000 after acquiring an additional 4,298 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Ceridian HCM in the third quarter valued at approximately $990,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Ceridian HCM by 15.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 18,850 shares of the company's stock valued at $1,558,000 after buying an additional 2,550 shares during the last quarter.
In other news, COO Leagh Erin Turner sold 5,000 shares of the company's stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $85.49, for a total transaction of $427,450.00. Following the completion of the transaction, the chief operating officer now directly owns 126,611 shares of the company's stock, valued at approximately $10,823,974.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 17.60% of the company's stock.
Ceridian HCM Company Profile
Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, 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 HR and payroll solution for the small business market.
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