Ceridian HCM Holding Inc. (NYSE: CDAY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Ceridian to Acquire eloomi, a Market-Leading Learning and Development Platform.

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Stocks Info

CDAY belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $66.26 and fluctuated between $66.27 as its day high and $64.43 as its day low. The current market capitalization of Ceridian HCM Holding Inc. is $10.35B. A total of 1.18 million shares were traded on the day, compared to an average of 1.34M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CDAY has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 8,014 shares. Over the last 12 months, there were 43 BUYs and 68 SELLs from insiders. Insiders purchased 386,833 shares during that period but sold 165,664.

In the most recent transaction, Heuland Noemie Clemence sold 3,000 shares of CDAY for 65.18 per share on Nov 10. After the transaction, the EVP, CFO now owns 58,353 company shares. In a previous transaction on Nov 07, Turner Leagh Erin sold 7,084 shares at 66.05 per share. CDAY shares that Co-Chief Executive Officer owns now total 245,201.

Among the insiders who sold shares, Turner Leagh Erin disposed of 6,000 shares on Oct 09 at a per-share price of $70.99. This resulted in the Co-Chief Executive Officer holding 245,201 shares of CDAY after the transaction. In another insider transaction, Holdridge Stephen H. sold 1,000 shares at $75.00 per share on Sep 12. Company shares held by the President Customer&Revenue Ops now total 63,756.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CDAY in the last 3 months, the mean price target is $76.38 with high estimates of $95.00 and low estimates of $62.00. In terms of 52-week highs and lows, CDAY has a high of $79.66 and a low of $55.62.

As of this writing, CDAY has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.27. The company reported an EPS of $0.32 in the last quarter, which was 10.30% higher than expectations of $0.29.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CDAY’s latest balance sheet shows that the firm has $367.50M in Cash & Short Term Investments as of fiscal 2021. There were $1.18B in debt and $3.74B in liabilities at the time. Its Book Value Per Share was $14.53, while its Total Shareholder’s Equity was $2.23B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDAY is Buy with a score of 4.00.

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