Ceridian HCM Stock Price, News & Analysis (NYSE:CDAY)

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ceridian HCM in the last twelve months. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CDAY shares.
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15 brokers have issued 1 year price targets for Ceridian HCM's stock. Their CDAY share price targets range from $62.00 to $95.00. On average, they anticipate the company's share price to reach $79.06 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
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Ceridian HCM's stock was trading at $64.15 at the beginning of the year. Since then, CDAY shares have increased by 9.5% and is now trading at $70.27.
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Ceridian HCM saw a increase in short interest in October. As of October 31st, there was short interest totaling 11,870,000 shares, an increase of 6.0% from the October 15th total of 11,200,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is currently 9.8 days. Currently, 8.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Ceridian HCM Holding Inc. (NYSE:CDAY) posted its quarterly earnings results on Wednesday, November, 1st. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The business earned $377.50 million during the quarter, compared to analyst estimates of $370.59 million. Ceridian HCM had a net margin of 0.28% and a trailing twelve-month return on equity of 2.03%.

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).

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 IPO on Thursday, April 26th 2018. The company issued 21,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Credit Suisse and Deutsche Bank Securities acted 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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Cannae Holdings Inc. (2.57%), Artisan Partners Limited Partnership (2.52%), Bamco Inc. NY (2.27%), Northern Trust Corp (0.94%), Charles Schwab Investment Management Inc. (0.83%) and Westfield Capital Management Co. LP (0.79%). 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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