Ceridian HCM Holding Inc (NYSE:CDAY) Short Interest Update

Ceridian HCM Holding Inc (NYSE:CDAY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,907,500 shares, a growth of 8.8% from the May 15th total of 5,432,100 shares. Based on an average trading volume of 685,300 shares, the short-interest ratio is currently 8.6 days. Currently, 11.0% of the shares of the company are sold short.

A number of brokerages recently issued reports on CDAY. Mitsubishi UFJ Financial Group raised their target price on Ceridian HCM from $40.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. KeyCorp assumed coverage on Pinduoduo in a research note on Tuesday, April 16th. They issued an “overweight” rating and a $32.00 target price for the company. Piper Jaffray Companies lifted their price objective on Shopify from $149.00 to $216.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC lifted their price objective on Ceridian HCM to $60.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $46.91.

Shares of NYSE CDAY traded down $1.52 during trading on Friday, reaching $48.26. 402,302 shares of the company traded hands, compared to its average volume of 624,919. The company has a fifty day moving average price of $50.25. The firm has a market cap of $6.80 billion, a PE ratio of -965.20 and a beta of 1.59. Ceridian HCM has a 12-month low of $31.39 and a 12-month high of $53.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.04.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Ceridian HCM had a negative net margin of 5.13% and a positive return on equity of 0.89%. The company had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $203.99 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts expect that Ceridian HCM will post 0.46 earnings per share for the current fiscal year.

In related news, Director Cannae Holdings, Inc. sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $50.25, for a total value of $100,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa M. Sterling sold 6,250 shares of the firm’s stock in a transaction 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 2,092,750 shares of company stock valued at $105,211,840 in the last 90 days. 26.90% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. American International Group Inc. grew its position in shares of Ceridian HCM by 48.7% during the 4th quarter. American International Group Inc. now owns 849 shares of the company’s stock valued at $29,000 after acquiring an additional 278 shares during the period. Deutsche Bank AG grew its position in shares of Ceridian HCM by 23.8% during the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock valued at $48,000 after acquiring an additional 274 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ceridian HCM by 81.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock valued at $89,000 after acquiring an additional 779 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Ceridian HCM during the 1st quarter valued at about $92,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Ceridian HCM by 48.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,700 shares of the company’s stock valued at $93,000 after acquiring an additional 877 shares during the period. Hedge funds and other institutional investors own 79.63% of the company’s stock.

Ceridian HCM Company Profile

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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