Watch for Continued Gains in Shares of Ceridian HCM Holding Inc. (CDAY)

October 19, 2021 11:26:34

Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) traded today at $125.87, eclipsing its 52-week high. So far today approximately 159,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, Ceridian HCM Holding Inc. share prices are bracketed by a low of $78.20 and a high of $125.87 and is now at $125.68, 61% above that low price.

Ceridian HCM Holding Inc. (NYSE:CDAY) is currently priced 93.1% above its average consensus analyst price target of $8.61.

Ceridian is a payroll processing and human capital management (HCM) company focused on the mid to upper market. Based in Canada, the company has over 4,000 customers and is in the midst of transitioning from its on-premises product Bureau to its cloud native payroll platform Dayforce. At 80% of cloud revenue, Dayforce, a 2012 Ceridian acquisition, makes up the majority of Ceridian’s cloud offering with small business payroll processor application Paypower making up the remainder of the cloud revenue.

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