CDAY

Ceridian HCM Holding Inc.

TMT


Presented:04/30/2021
Price:$94.48
Cap:$13.87B
Current Price:$63.96
Cap:$10.11B

Presented

Date04/30/2021
Price$94.48
Market Cap$13.87B
Ent Value$16.30B
P/E RatioN/A
Book Value$14.12
Div Yield0%
Shares O/S146.78M
Ave Daily Vol1,074,927
Short Int7.63%

Current

Price$63.96
Market Cap$10.11B
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.

Publicly traded companies mentioned herein: Ceridian HCM Holding Inc (CDAY), PayPal Holdings Inc (PYPL), Square Inc (SQ), Workday Inc (WDAY)

Highlights

The presenter is long shares of Ceridian (CDAY), which develops human capital management software, that provides recruiting, staff monitoring, payroll processing, employee engagement, and human capital management technology services. He views CDAY as a reopening play, benefitting from cyclical tailwinds (i.e., labor market recovery), with a longer term secular growth driver in CDAY’s Dayforce wallet for on-demand pay. The acceleration in employment should benefit CDAY as they bill per employee per month, and the addition of the wallet should help win rates, revenue and margins. Putting this together the presenter sees upside to $147/share or 52% from the current price of $94/share.

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Idea Discussion

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