Ceridian HCM Holding Inc (NYSE:CDAY)’s share price dropped 5.5% during mid-day trading on Monday . The company traded as low as $47.15 and last traded at $47.61. Approximately 629,100 shares traded hands during trading, a decline of 1% from the average daily volume of 637,442 shares. The stock had previously closed at $50.36.
A number of brokerages have recently commented on CDAY. Goldman Sachs Group began coverage on Ceridian HCM in a research report on Friday, February 1st. They set a “neutral” rating and a $37.00 price objective for the company. Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 target price on shares of Ceridian HCM in a report on Thursday, February 7th. Needham & Company LLC increased their target price on Ceridian HCM to $53.00 and gave the company a “buy” rating in a report on Thursday, February 7th. Mitsubishi UFJ Financial Group increased their target price on Ceridian HCM to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 7th. Finally, Zacks Investment Research upgraded Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, February 7th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Ceridian HCM currently has an average rating of “Hold” and a consensus price target of $44.87.
The company has a debt-to-equity ratio of 0.41, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $6.71 billion and a PE ratio of -997.40.
In other Ceridian HCM news, CFO Arthur Gitajn sold 86,500 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $47.01, for a total transaction of $4,066,365.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lisa M. Sterling sold 11,250 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.84, for a total transaction of $560,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,319,892 shares of company stock valued at $701,369,802. 26.90% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Deutsche Bank AG grew its position in Ceridian HCM by 23.8% during the fourth quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after buying an additional 274 shares in the last quarter. American International Group Inc. grew its position in Ceridian HCM by 48.7% during the fourth quarter. American International Group Inc. now owns 849 shares of the company’s stock worth $29,000 after buying an additional 278 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Ceridian HCM by 0.7% during the third quarter. TIAA CREF Investment Management LLC now owns 53,377 shares of the company’s stock worth $2,243,000 after buying an additional 345 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Ceridian HCM by 47.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 409 shares during the period. Finally, Utah Retirement Systems lifted its stake in Ceridian HCM by 10.6% during the first quarter. Utah Retirement Systems now owns 7,190 shares of the company’s stock worth $369,000 after purchasing an additional 690 shares during the period. 69.56% of the stock is currently owned by institutional investors.
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About Ceridian HCM (NYSE:CDAY)
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.
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