Ceridian HCM Holding Inc. (CDAY): Time to Buy this stock

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Ceridian HCM Holding Inc. (NYSE:CDAY) changes shares on Friday trading session, with a change of 0.20% or $0.16 shares. The trading starts at $80.26 and closed at $79.75 throughout the day. The trading session low price was $77.67 and day high was $80.98 on Friday, June 26. After the session, the Technology sector daily volume shifted to 2.64 million while its average volume is 1.42M. In other hand, the CDAY market cap reached to $11.72B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 3.07% and up 17.65% for month. Its quarterly performance was 64.25% above, while its half year performance is up 17.81%. CDAY yearly performance stood at positive 61.01% and rise 17.72% for year-to-date. Current recommendation for Ceridian HCM Holding Inc. is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CDAY EPS (TTM) for 12-month is 0.51. EPS for this year is 242.00%, while for the next year its value is 0.58. Sales growth for the current quarter is 15.22 while its EPS Q/Q reached -25.30%. It has an EPS of next five years will be up 10.32%.

Price (T.Rowe) Associates Inc, Cannae Holdings, Inc. and Capital Research Global Investors are the top three holders in Ceridian HCM Holding Inc. (CDAY) stock. On Mar 30, 2020, Price (T.Rowe) Associates Inc has 21.57 million shares which valued 1.08 billion. On Mar 30, 2020, Cannae Holdings, Inc. owned 19.84 million shares which valued at 993.35 million. On Mar 30, 2020, Capital Research Global Investors has a total of 17.67 million shares which valued at 884.74 million. In the end, Capital Research Global Investors have 12.18% shares outstanding of Ceridian HCM Holding Inc. (CDAY) on Mar 30, 2020. The insider ownership moved to 0.60% and institutional holding shifted to 89.51%.

The company posted an EPS (TTM) of 0.51. According to the most recent quarter report on (Jun 2020), 15 analysts estimated an average EPS of 0.06, while 0.12 EPS posted a year ago period. Analyst Estimated EPS for CDAY published in the report was 0.02-0.1 during the same period. Comparing with last year, the average estimated EPS was 0.12 which is lower than 0.15 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CDAY rise 31.39% for period of 200 days. SMA for 50 days was 20.21% which is showing green signal, while SMA-20 was 4.61%. The moving average value for Ceridian HCM Holding Inc. (CDAY) is 64.97 and 71.78 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CDAY stock. On Jun 09, Ossip David D, Chairman and CEO, sold 500,000 trading shares at the cost of $81.00, which valued at 40.5 million. On May 20, Cannae Holdings, Inc., 10% Owner, sold 1,900,000 shares at the cost of $64.40, with total shares of 16,139,227. On May 20, Gitajn Arthur, EVP, CFO, sold 86,500 shares at the cost of 65.51. After this transaction, Gitajn Arthur total shares reached to 12,591 which valued at 5.67 million.