Ceridian HCM (CDAY) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceridian HCM in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CDAY shares.
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13 Wall Street analysts have issued twelve-month price objectives for Ceridian HCM's shares. Their CDAY share price forecasts range from $65.00 to $95.00. On average, they expect the company's stock price to reach $79.07 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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Ceridian HCM's stock was trading at $64.15 at the beginning of 2023. Since then, CDAY stock has increased by 4.7% and is now trading at $67.14.
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Ceridian HCM saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 10,420,000 shares, an increase of 17.1% from the July 31st total of 8,900,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is currently 7.8 days. Currently, 7.0% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CDAY earnings forecast.

Ceridian HCM Holding Inc. (NYSE:CDAY) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.01. The company earned $365.90 million during the quarter, compared to analyst estimates of $358.05 million. Ceridian HCM had a positive trailing twelve-month return on equity of 0.67% and a negative net margin of 0.95%.

ETFs with the largest weight of Ceridian HCM (NYSE:CDAY) stock in their portfolio include Nuveen ESG Mid-Cap Growth ETF (NUMG), Invesco S&P 500 Equal Weight Industrials ETF (RSPN), Invesco S&P 500 Equal Weight Industrials ETF (RGI), Invesco S&P 500 High Beta ETF (SPHB), Pacer Lunt Large Cap Alternator ETF (ALTL), Hypatia Women CEO ETF (WCEO), Putnam Sustainable Future ETF (PFUT) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).

Ceridian HCM updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.49 billion-$1.51 billion, compared to the consensus revenue estimate of $1.49 billion.

902 employees have rated Ceridian HCM Chief Executive Officer David Ossip on Glassdoor.com. David Ossip has an approval rating of 92% among the company's employees. This puts David Ossip in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ceridian HCM investors own include Workday (WDAY), Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Adobe (ADBE), Alteryx (AYX), Costco Wholesale (COST), ServiceNow (NOW), Paycom Software (PAYC) and Tesla (TSLA).

(CDAY) raised $420 million in an initial public offering (IPO) on Thursday, April 26th 2018. The company issued 21,000,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Credit Suisse and Deutsche Bank Securities served as the underwriters for the IPO and Barclays, Citigroup, Jefferies, CIBC Capital Markets, Wells Fargo Securities, Baird, Canaccord Genuity, Piper Jaffray, William Blair and MUFG were co-managers.

Ceridian HCM trades on the New York Stock Exchange (NYSE) under the ticker symbol "CDAY."

Ceridian HCM's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (8.38%), Capital International Investors (7.36%), Capital World Investors (3.69%), Artisan Partners Limited Partnership (2.35%), Geode Capital Management LLC (2.15%) and Northern Trust Corp (0.92%). Insiders that own company stock include Christopher R Armstrong, David D Ossip, Gerald C Throop, Jeffrey Scott Jacobs, Joseph B Korngiebel, Leagh Erin Turner, Noemie Clemence Heuland, Rakesh Subramanian, Stephen H Holdridge, Thomas M Hagerty and William Everett Mcdonald.
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Shares of CDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDAY stock can currently be purchased for approximately $67.14.

Ceridian HCM (NYSE:CDAY) has a market capitalization of $10.45 billion and generates $1.25 billion in revenue each year. The company earns $-73,400,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis.

The company employs 8,526 workers across the globe.

Ceridian HCM's mailing address is 3311 EAST OLD SHAKOPEE ROAD, MINNEAPOLIS MN, 55425. The official website for the company is www.ceridian.com. The company can be reached via phone at (952) 853-8100 or via email at investors@ceridian.com.