Ceridian HCM Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceridian HCM in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Ceridian HCM stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CDAY, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 12-month price objectives for Ceridian HCM's stock. Their CDAY stock forecasts range from $56.00 to $135.00. On average, they anticipate Ceridian HCM's stock price to reach $80.33 in the next year. This suggests a possible upside of 60.5% from the stock's current price.
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Ceridian HCM's stock was trading at $104.46 on January 1st, 2022. Since then, CDAY shares have decreased by 52.1% and is now trading at $50.05.
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Ceridian HCM saw a drop in short interest in May. As of May 31st, there was short interest totaling 9,490,000 shares, a drop of 16.8% from the May 15th total of 11,400,000 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 5.3 days. Approximately 6.7% of the company's stock are short sold.
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Ceridian HCM is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Ceridian HCM Holding Inc. (NYSE:CDAY) issued its quarterly earnings results on Wednesday, May, 4th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.01. The firm had revenue of $293.30 million for the quarter, compared to analyst estimates of $289.44 million. Ceridian HCM had a negative net margin of 7.72% and a negative trailing twelve-month return on equity of 3.11%. The company's revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company posted ($0.03) EPS.
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Ceridian HCM issued an update on its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $293.00 million-$296.00 million, compared to the consensus revenue estimate of $373.92 million.

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

Some companies that are related to Ceridian HCM include Atlassian (TEAM), ANSYS (ANSS), Roblox (RBLX), MongoDB (MDB), Palantir Technologies (PLTR), Paycom Software (PAYC), Cloudflare (NET), Twilio (TWLO), Okta (OKTA), Check Point Software Technologies (CHKP), Splunk (SPLK), HubSpot (HUBS), SS&C Technologies (SSNC), ZoomInfo Technologies (ZI) and Take-Two Interactive Software (TTWO).
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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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CDAY."

Shares of CDAY 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 $50.05.

Ceridian HCM (NYSE:CDAY) has a market capitalization of $7.64 billion and generates $1.02 billion in revenue each year. The company earns $-75,400,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

Ceridian HCM employs 7,462 workers across the globe.

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