Ceridian HCM - CDAY 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 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CDAY shares.
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13 equities research analysts have issued 12-month price targets for Ceridian HCM's shares. Their CDAY share price forecasts range from $56.00 to $105.00. On average, they expect the company's share price to reach $79.64 in the next year. This suggests a possible upside of 8.8% 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 stock has increased by 14.1% and is now trading at $73.22.
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Ceridian HCM saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 9,730,000 shares, a decline of 6.6% from the February 13th total of 10,420,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 7.4 days. Currently, 6.7% 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, May 3rd 2023.
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Ceridian HCM Holding Inc. (NYSE:CDAY) issued its quarterly earnings data on Wednesday, February, 8th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The company earned $336.10 million during the quarter, compared to analyst estimates of $325.12 million. Ceridian HCM had a negative net margin of 5.89% and a negative trailing twelve-month return on equity of 1.17%.

ETFs with the largest weight of Ceridian HCM (NYSE:CDAY) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Nuveen ESG Mid-Cap Growth ETF (NUMG), Invesco S&P 500 Equal Weight Technology ETF (RYT), Putnam Sustainable Future ETF (PFUT), Invesco S&P 500 High Beta ETF (SPHB), Pacer Lunt Large Cap Alternator ETF (ALTL), Innovator Gradient Tactical Rotation Strategy ETF (IGTR) and WisdomTree U.S. Growth & Momentum Fund (WGRO).

Ceridian HCM updated its first quarter 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $359.00 million-$363.00 million, compared to the consensus revenue estimate of $463.27 million.

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 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 a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.28%), Select Equity Group L.P. (12.16%), Bamco Inc. NY (2.30%), Geode Capital Management LLC (2.04%), Artisan Partners Limited Partnership (1.45%) and Echo Street Capital Management LLC (1.34%). Insiders that own company stock include Arthur Gitajn, Cannae Holdings, Inc, Christopher R Armstrong, Christopher R Armstrong, David D Ossip, Gerald C Throop, Jeffrey Scott Jacobs, Joseph B Korngiebel, Leagh Erin Turner, Noemie Clemence Heuland, Rakesh Subramanian, Scott A Kitching, Thomas H Lee Advisors, Llc, 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 $73.22.

Ceridian HCM (NYSE:CDAY) has a market capitalization of $11.18 billion and generates $1.25 billion in revenue each year. The company earns $-73,400,000.00 in net income (profit) each year or ($0.48) 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.