Ceridian HCM - CDAY Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ceridian HCM in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CDAY shares. 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 analysts have issued 1-year price targets for Ceridian HCM's shares. Their CDAY share price forecasts range from $56.00 to $82.00. On average, they predict the company's share price to reach $71.07 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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Ceridian HCM's stock was trading at $64.15 at the start of the year. Since then, CDAY stock has increased by 18.5% and is now trading at $76.04.
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Ceridian HCM saw a drop in short interest in December. As of December 30th, there was short interest totaling 12,580,000 shares, a drop of 15.3% from the December 15th total of 14,850,000 shares. Based on an average daily trading volume, of 1,620,000 shares, the short-interest ratio is currently 7.8 days. Currently, 8.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CDAY earnings forecast.

Ceridian HCM will be holding an earnings conference call on Wednesday, February 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Ceridian HCM Holding Inc. (NYSE:CDAY) posted its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.14. The firm had revenue of $257.20 million for the quarter, compared to the consensus estimate of $253.72 million. Ceridian HCM had a negative trailing twelve-month return on equity of 2.39% and a negative net margin of 6.52%.

Ceridian HCM updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $323.00 million-$326.00 million, compared to the consensus revenue estimate of $445.56 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 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."

Ceridian HCM's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), Assenagon Asset Management S.A. (0.21%), National Bank of Canada FI (0.20%), New York State Common Retirement Fund (0.18%), Bank of Montreal Can (0.06%) and Comerica Bank (0.05%). 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 $76.04.

Ceridian HCM (NYSE:CDAY) has a market capitalization of $11.55 billion and generates $1.02 billion in revenue each year. The company earns $-75,400,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis.

The company 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 the company is www.ceridian.com. The company can be reached via phone at (952) 853-8100 or via email at investors@ceridian.com.