Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) traded at a new 52-week high today of $130.37. So far today approximately 388,000 shares have been exchanged, as compared to an average 30-day volume of 908,000 shares.
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.
Ceridian HCM Holding Inc. share prices have moved between a 52-week high of $130.37 and a 52-week low of $78.20 and are now trading 64% above that low price at $128.39 per share.
Ceridian HCM Holding Inc. (NYSE:CDAY) is currently priced 93.1% above its average consensus analyst price target of $8.86.
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