Ceridian HCM Holding Inc (NYSE:CDAY) – Analysts at William Blair reduced their Q4 2018 earnings per share estimates for shares of Ceridian HCM in a report released on Monday, October 29th. William Blair analyst J. Furby now anticipates that the company will earn $0.06 per share for the quarter, down from their previous estimate of $0.11. William Blair currently has a “Outperform” rating on the stock.
A number of other brokerages also recently weighed in on CDAY. Credit Suisse Group assumed coverage on Ceridian HCM in a report on Friday, October 5th. They issued a “neutral” rating and a $45.00 target price on the stock. Deutsche Bank upped their target price on Ceridian HCM from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. Barclays upped their target price on Ceridian HCM from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, September 7th. Zacks Investment Research upgraded Ceridian HCM from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, October 15th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $36.00 target price on shares of Ceridian HCM in a report on Monday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ceridian HCM currently has an average rating of “Hold” and a consensus target price of $39.86.
Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $176.29 million. The business’s revenue was up 9.8% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $247,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $286,000. Point72 Asset Management L.P. bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $332,000. Cubist Systematic Strategies LLC bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $344,000. Finally, Dean Capital Investments Management LLC bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $425,000. 72.12% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Arthur Gitajn sold 135,755 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $36.18, for a total value of $4,911,615.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
About Ceridian HCM
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.
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