Taking a Closer Look At Ceridian HCM Holding Inc. (CDAY) Following Its Recent Trade


Ceridian HCM Holding Inc.’s recent filing unveils that its EVP, Chief Operating Officer Armstrong Christopher R unloaded Company’s shares for reported $0.3 million on Feb 09. In the deal valued at $77.50 per share,3,902 shares were sold. As a result of this transaction, Armstrong Christopher R now holds 96,575 shares worth roughly $ 7.04 million.

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Then, Turner Leagh Erin sold 6,000 shares, generating $437,170 in total proceeds. Upon selling the shares at $72.86, the Co-Chief Executive Officer now owns 176,643 shares.

Before that, Turner Leagh Erin sold 6,500 shares. Ceridian HCM Holding Inc. shares valued at $399,880 were divested by the Co-Chief Executive Officer at a price of $61.52 per share. As a result of the transaction, Turner Leagh Erin now holds 176,643 shares, worth roughly $12.88 million.

MoffettNathanson initiated its Ceridian HCM Holding Inc. [CDAY] rating to a Market perform in a research note published on Friday, January 09, 2023; the price target was $68. PT values the company’s stock at a premium of -7.24 to its Friday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late October from “an Underweight” to “an Equal weight”. Citigroup began covering CDAY with “Buy” recommendation on September 01, 2022. Credit Suisse started covering the stock on March 23, 2022. It rated CDAY as “an Outperform”.

Price Performance Review of CDAY

On Friday, Ceridian HCM Holding Inc. [NYSE:CDAY] saw its stock fall -2.55% to $72.92. On the same session, the stock had its day’s lowest price of $72.51, but rose to a high of $73.79. Over the last five days, the stock has lost -3.88%. Ceridian HCM Holding Inc. shares have risen nearly 13.67% since the year began. Nevertheless, the stocks have risen 11.14% over the past one year. While a 52-week high of $79.66 was reached on 02/09/23, a 52-week low of $43.23 was recorded on 01/06/23. SMA at 50 days reached $69.33, while 200 days put it at $61.06. A total of 0.74 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For CDAY Stock

The 24-hour chart illustrates a support level at 72.36, which if violated will result in even more drops to 71.79. On the upside, there is a resistance level at 73.64. A further resistance level may holdings at 74.35. The Relative Strength Index (RSI) on the 14-day chart is 48.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.86%. Stochastics %K at 33.37% indicates the stock is a holding.

How much short interest is there in Ceridian HCM Holding Inc.?

A steep rise in short interest was recorded in Ceridian HCM Holding Inc. stocks on Jan 30, 2023, dropping by -0.13 million shares to a total of 12.45 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 12.58 million shares. There was a decline of -1.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 12.88.

Ceridian HCM Holding Inc. [CDAY] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 21,691,635 shares, or roughly 14.12% of the outstanding CDAY shares. In other words, the investor’s shares have risen by 3,273,796 from its previous 13-F filing of 18417839.0. Additionally, Select Equity Group LP decreased -14.10% of its stake after which the total value it holdings stand at $1,335,002,420, while The Vanguard Group, Inc. added 1.80% of its stake to hold $1.18 billion in the firm. Over the last quarter, Capital Research & Management Co sold -361,195 shares of Ceridian HCM Holding Inc., while Wellington Management Co. LLP sold -352,585 shares. At present, BlackRock Fund Advisors is holding 8,155,527 shares valued at $589.48 million. Capital Research & Management Co owned 6,818,745 shares of the company at the time of its most recent 13F filing, worth $492.86 million.

According to FactSet, Ceridian HCM Holding Inc.’s share price will average $84.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.93 percent from its previous closing price of $74.83. Analysts expect Ceridian HCM Holding Inc. stock to reach the higher price of $105.00, while the lowest price estimate is $70.00. However, 19 analysts have rated CDAY stock as an Overweight in their predictions for 2023.


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