Zacks Investment Research downgraded shares of Ceridian HCM (NYSE:CDAY) from a hold rating to a sell rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Ceridian HCM Holding Inc. provides human capital management software company. It provides human resources, payroll, benefits, workforce management and talent management functionality. Ceridian HCM Holding Inc. is based in Minneapolis, United States. “

Several other equities analysts have also weighed in on the company. ValuEngine lowered Ceridian HCM from a buy rating to a hold rating in a research note on Wednesday, September 4th. Canaccord Genuity set a $55.00 price objective on Ceridian HCM and gave the company a hold rating in a research note on Wednesday, July 31st. Credit Suisse Group lifted their price objective on Ceridian HCM from $45.00 to $52.00 and gave the company a neutral rating in a research note on Wednesday, July 31st. Barclays set a $50.00 price objective on Ceridian HCM and gave the company a hold rating in a research note on Wednesday, July 31st. Finally, Mizuho set a $65.00 price objective on Ceridian HCM and gave the company a buy rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Ceridian HCM has an average rating of Hold and a consensus price target of $56.08.

CDAY opened at $51.89 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of -1,037.80 and a beta of 1.53. The business has a 50-day moving average of $53.77 and a two-hundred day moving average of $51.33. Ceridian HCM has a 12 month low of $31.39 and a 12 month high of $58.95.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $196.30 million during the quarter, compared to analysts’ expectations of $192.29 million. Ceridian HCM had a return on equity of 2.34% and a net margin of 4.19%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) EPS. Equities research analysts anticipate that Ceridian HCM will post 0.35 earnings per share for the current year.

In related news, EVP Ozzie J. Goldschmied sold 63,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $53.99, for a total transaction of $3,401,370.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lisa M. Sterling sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $49.30, for a total value of $308,125.00. The disclosure for this sale can be found here. Insiders sold a total of 17,201,162 shares of company stock worth $895,176,581 over the last ninety days. Corporate insiders own 26.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CDAY. Price T Rowe Associates Inc. MD lifted its position in Ceridian HCM by 31.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,864,672 shares of the company’s stock worth $696,007,000 after acquiring an additional 3,312,089 shares in the last quarter. Vanguard Group Inc. lifted its position in Ceridian HCM by 30.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,487,533 shares of the company’s stock worth $325,674,000 after acquiring an additional 1,531,004 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Ceridian HCM during the 1st quarter worth approximately $54,385,000. BlackRock Inc. lifted its position in Ceridian HCM by 28.6% during the 2nd quarter. BlackRock Inc. now owns 2,913,790 shares of the company’s stock worth $146,271,000 after acquiring an additional 647,177 shares in the last quarter. Finally, Echo Street Capital Management LLC lifted its position in Ceridian HCM by 219.8% during the 2nd quarter. Echo Street Capital Management LLC now owns 644,375 shares of the company’s stock worth $32,348,000 after acquiring an additional 442,859 shares in the last quarter. 81.29% of the stock is currently owned by hedge funds and other institutional investors.

About Ceridian HCM

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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