Ceridian HCM Holding Inc. [CDAY] Stock trading around $76.14 per share: What’s Next?

Ceridian HCM Holding Inc. [NYSE: CDAY] stock went on an upward path that rose over 4.86% on Monday, amounting to a one-week price decrease of less than -9.22%. Over the last 12 months, CDAY stock rose by 50.00%. The one-year Ceridian HCM Holding Inc. stock forecast points to a potential downside of -11.2. The average equity rating for CDAY stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $10.72 billion, with 144.65 million shares outstanding and 131.59 million shares in the current float. Compared to the average trading volume of 1.44M shares, CDAY stock reached a trading volume of 2275001 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Ceridian HCM Holding Inc. [CDAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CDAY shares is $68.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CDAY stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Ceridian HCM Holding Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 22, 2020. The new note on the price target was released on April 23, 2020, representing the official price target for Ceridian HCM Holding Inc. stock. Previously, the target price had yet another drop from $63 to $47, while Credit Suisse kept a Underperform rating on CDAY stock. On April 16, 2020, analysts decreased their price target for CDAY shares from 65 to 60.

The Average True Range (ATR) for Ceridian HCM Holding Inc. is set at 4.38, with the Price to Sales ratio for CDAY stock in the period of the last 12 months amounting to 12.71. The Price to Book ratio for the last quarter was 5.84, with the Price to Cash per share for the same quarter was set at 1.81. Price to Free Cash Flow for CDAY in the course of the last twelve months was 245.83 with Quick ratio for the last quarter at 1.10.

CDAY Stock Performance Analysis:

Ceridian HCM Holding Inc. [CDAY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.22. With this latest performance, CDAY shares gained by 23.56% in over the last four-week period, additionally plugging by 23.66% over the last 6 months – not to mention a rise of 50.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CDAY stock in for the last two-week period is set at 59.99, with the RSI for the last a single of trading hit 57.47, and the three-weeks RSI is set at 59.16 for Ceridian HCM Holding Inc. [CDAY]. The present Moving Average for the last 50 days of trading for this stock 61.80, while it was recorded at 74.53 for the last single week of trading, and 59.90 for the last 200 days.

Insight into Ceridian HCM Holding Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Ceridian HCM Holding Inc. [CDAY] shares currently have an operating margin of +9.53 and a Gross Margin at +50.73. Ceridian HCM Holding Inc.’s Net Margin is presently recorded at +9.55.

Return on Total Capital for CDAY is now 3.27, given the latest momentum, and Return on Invested Capital for the company is 3.30. Return on Equity for this stock inclined to 4.61, with Return on Assets sitting at 1.40. When it comes to the capital structure of this company, Ceridian HCM Holding Inc. [CDAY] has a Total Debt to Total Equity ratio set at 38.04. Additionally, CDAY Total Debt to Total Capital is recorded at 27.56, with Total Debt to Total Assets ending up at 11.77. Long-Term Debt to Equity for the company is recorded at 37.00, with the Long-Term Debt to Total Capital now at 26.80.

Reflecting on the efficiency of the workforce at the company, Ceridian HCM Holding Inc. [CDAY] managed to generate an average of $15,705 per employee. Receivables Turnover for the company is 8.77 with a Total Asset Turnover recorded at a value of 0.15.Ceridian HCM Holding Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

CDAY Stock EPS

With the latest financial reports released by the company, Ceridian HCM Holding Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CDAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ceridian HCM Holding Inc. go to 10.32%.

Ceridian HCM Holding Inc. [CDAY] Insider Position Details

There are presently around $11,301 million, or 89.51% of CDAY stock, in the hands of institutional investors. The top three institutional holders of CDAY stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 21,570,528, which is approximately 1.951% of the company’s market cap and around 0.60% of the total institutional ownership; CANNAE HOLDINGS, INC., holding 19,839,227 shares of the stock with an approximate value of $1.44 billion in CDAY stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $1.28 billion in CDAY stock with ownership of nearly 42.109% of the company’s market capitalization.

126 institutional holders increased their position in Ceridian HCM Holding Inc. [NYSE:CDAY] by around 41,210,751 shares. Additionally, 104 investors decreased positions by around 14,205,258 shares, while 21 investors held positions by with 100,222,442 shares. The mentioned changes placed institutional holdings at 155,638,451 shares, according to the latest SEC report filing. CDAY stock had 46 new institutional investments in for a total of 31,332,269 shares, while 41 institutional investors sold positions of 2,502,455 shares during the same period.

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