Ceridian HCM Holding (CDAY) Receives a Buy from Needham


Needham analyst Scott Berg assigned a Buy rating to Ceridian HCM Holding (CDAY) today and set a price target of $120.00. The company’s shares closed last Tuesday at $104.73, close to its 52-week high of $111.06.

According to TipRanks.com, Berg is a top 25 analyst with an average return of 35.6% and a 77.1% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, BigCommerce Holdings, and Tyler Technologies.

Currently, the analyst consensus on Ceridian HCM Holding is a Moderate Buy with an average price target of $109.50, a 7.0% upside from current levels. In a report released today, Mizuho Securities also maintained a Buy rating on the stock with a $110.00 price target.

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Ceridian HCM Holding’s market cap is currently $15.48B and has a P/E ratio of 1457.10. The company has a Price to Book ratio of -87.50.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDAY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Bureau solutions offer payroll and payroll-related services using legacy technology. The company was founded on July 3, 2013 and is headquartered in Minneapolis, MN.

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