Ceridian HCM Target of Unusually High Options Trading (NYSE:CDAY)

Ceridian HCM Holding Inc. (NYSE:CDAY) saw some unusual options trading on Friday. Investors acquired 3,465 call options on the stock. This represents an increase of 691% compared to the typical volume of 438 call options.

CDAY traded down $2.45 during midday trading on Friday, reaching $82.83. 1,332,219 shares of the company’s stock traded hands, compared to its average volume of 1,247,719. The firm has a fifty day moving average of $105.72 and a two-hundred day moving average of $108.37. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of -147.91 and a beta of 1.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 1.07. Ceridian HCM has a 52 week low of $78.20 and a 52 week high of $130.37.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.14. The business had revenue of $257.20 million during the quarter, compared to analyst estimates of $253.72 million. Ceridian HCM had a negative return on equity of 1.86% and a negative net margin of 8.62%. Sell-side analysts forecast that Ceridian HCM will post -0.35 EPS for the current year.

CDAY has been the subject of several recent analyst reports. Mizuho boosted their target price on Ceridian HCM from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 21st. Wells Fargo & Company lowered Ceridian HCM from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $100.00 in a research note on Thursday, January 6th. Cowen lifted their price target on Ceridian HCM from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, October 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Ceridian HCM in a research note on Monday, November 1st. They set a “buy” rating and a $150.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ceridian HCM in a research note on Thursday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $115.58.

In related news, EVP William Everett Mcdonald sold 8,750 shares of the business’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $122.22, for a total transaction of $1,069,425.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Leagh Erin Turner sold 6,500 shares of the business’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $119.15, for a total value of $774,475.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 542,728 shares of company stock valued at $57,800,612. 4.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. DNB Asset Management AS grew its holdings in shares of Ceridian HCM by 25.4% during the 4th quarter. DNB Asset Management AS now owns 20,643 shares of the company’s stock worth $2,156,000 after acquiring an additional 4,178 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Ceridian HCM in the 4th quarter worth approximately $9,292,000. UBS Asset Management Americas Inc. grew its stake in shares of Ceridian HCM by 6.9% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 412,381 shares of the company’s stock worth $46,442,000 after buying an additional 26,450 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Ceridian HCM in the 3rd quarter worth approximately $399,000. Finally, Kentucky Retirement Systems purchased a new stake in shares of Ceridian HCM in the 3rd quarter worth approximately $892,000.

Ceridian HCM Company Profile

Ceridian HCM Holding, Inc engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.

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