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NYSE:CDAY

Ceridian HCM - CDAY Stock Forecast, Price & News

$67.01
+1.01 (+1.53%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.49
$67.03
50-Day Range
$44.05
$67.01
52-Week Range
$43.23
$130.37
Volume
1.69 million shs
Average Volume
1.77 million shs
Market Capitalization
$10.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$75.25

Ceridian HCM MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
12.3% Upside
$75.25 Price Target
Short Interest
Bearish
6.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.31mentions of Ceridian HCM in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$333,299 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.16) to ($0.19) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.47 out of 5 stars

Computer And Technology Sector

590th out of 644 stocks

Prepackaged Software Industry

206th out of 224 stocks

CDAY stock logo

About Ceridian HCM (NYSE:CDAY) Stock

Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.

Ceridian HCM Stock Performance

CDAY opened at $66.00 on Tuesday. The firm has a market cap of $10.07 billion, a PE ratio of -129.41 and a beta of 1.55. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $52.05 and a 200-day simple moving average of $60.20. Ceridian HCM has a fifty-two week low of $43.23 and a fifty-two week high of $130.37.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CDAY. Cowen dropped their price target on Ceridian HCM from $90.00 to $75.00 in a research report on Thursday, May 5th. Cowen lowered their target price on Ceridian HCM from $90.00 to $75.00 in a research report on Thursday, May 5th. Barclays lowered their target price on Ceridian HCM from $59.00 to $52.00 and set an "underweight" rating on the stock in a research report on Monday, July 18th. Credit Suisse Group raised their target price on Ceridian HCM from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. Finally, Piper Sandler raised their target price on Ceridian HCM from $48.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.50.

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CDAY Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Ceridian HCM (NYSE:CDAY) Shares Gap Up on Analyst Upgrade
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Ceridian Reports Second Quarter 2022 Results
Ceridian to Present at Upcoming Investor Conferences
Reviewing Ceridian HCM (NYSE:CDAY) & ForgeRock (NYSE:FORG)
Ceridian HCM Holding Inc - Stock Financials CDAY
What 7 Analyst Ratings Have To Say About Ceridian HCM Holding
See More Headlines
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CDAY Company Calendar

Last Earnings
11/03/2021
Today
8/09/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
7,462
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$75.25
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$52.00
Forecasted Upside/Downside
+12.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$-75,400,000.00
Pretax Margin
-7.35%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$0.12 per share
Book Value
$14.72 per share

Miscellaneous

Free Float
147,088,000
Market Cap
$10.26 billion
Optionable
Optionable
Beta
1.55














CDAY Stock - Frequently Asked Questions

Should I buy or sell Ceridian HCM stock right now?

13 Wall Street equities research 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 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.
View CDAY analyst ratings
or view top-rated stocks.

What is Ceridian HCM's stock price forecast for 2022?

13 Wall Street research analysts have issued twelve-month target prices for Ceridian HCM's shares. Their CDAY share price forecasts range from $52.00 to $135.00. On average, they predict the company's share price to reach $75.25 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
View analysts price targets for CDAY
or view top-rated stocks among Wall Street analysts.

How has Ceridian HCM's stock price performed in 2022?

Ceridian HCM's stock was trading at $104.46 at the beginning of 2022. Since then, CDAY stock has decreased by 36.7% and is now trading at $66.17.
View the best growth stocks for 2022 here
.

When is Ceridian HCM's next earnings date?

Ceridian HCM is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CDAY earnings forecast
.

How were Ceridian HCM's earnings last quarter?

Ceridian HCM Holding Inc. (NYSE:CDAY) announced its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.14. The business earned $257.20 million during the quarter, compared to analysts' expectations of $253.72 million. Ceridian HCM had a negative trailing twelve-month return on equity of 2.68% and a negative net margin of 6.84%.

What guidance has Ceridian HCM issued on next quarter's earnings?

Ceridian HCM updated its third quarter 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $304.00 million-$307.00 million, compared to the consensus revenue estimate of $386.99 million.

What is David Ossip's approval rating as Ceridian HCM's CEO?

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.

What other stocks do shareholders of Ceridian HCM own?

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).

When did Ceridian HCM IPO?

(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.

What is Ceridian HCM's stock symbol?

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

Who are Ceridian HCM's major shareholders?

Ceridian HCM's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Cannae Holdings Inc. (3.93%), Swiss National Bank (0.39%), Pictet Asset Management SA (0.32%), TD Asset Management Inc. (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.27%) and Bank of Nova Scotia (0.19%). 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, Leagh Erin Turner, Lisa M Sterling, Noemie Clemence Heuland, Rakesh Subramanian, Scott A Kitching, Thomas H Lee Advisors, Llc, Thomas M Hagerty and William Everett Mcdonald.
View institutional ownership trends
.

How do I buy shares of Ceridian HCM?

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.
Compare Top Brokerages Here.

What is Ceridian HCM's stock price today?

One share of CDAY stock can currently be purchased for approximately $66.17.

How much money does Ceridian HCM make?

Ceridian HCM (NYSE:CDAY) has a market capitalization of $10.13 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.

How many employees does Ceridian HCM have?

Ceridian HCM employs 7,462 workers across the globe.

How can I contact Ceridian HCM?

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.

This page (NYSE:CDAY) was last updated on 8/9/2022 by MarketBeat.com Staff

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