CDAY Ceridian HCM Holding Inc.
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.
Company profile
Ticker
CDAY
Exchange
Website
CEO
David D. Ossip
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
CDAY stock data
()
Calendar
5 Aug 20
12 Aug 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | 192.6M | 222.7M | 221.8M | 202.3M | |
| Net income | 5.5M | 8.6M | -1.5M | 62.7M | |
| Diluted EPS | 0.04 | 0.06 | -0.01 | 0.42 | |
| Net profit margin | 2.86% | 3.86% | -0.68% | 30.99% | |
| Operating income | 4M | 26.3M | 19.7M | 6.5M | |
| Net change in cash | 271.6M | -26M | 10.4M | 33M | |
| Cash on hand | 526.9M | 255.3M | 281.3M | 270.9M | |
| Cost of revenue | 114M | 122.2M | 124M | 113.5M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 824.1M | 740.7M | 676.2M | 630.1M | |
| Net income | 78.7M | -61.1M | 2M | -79.3M | |
| Diluted EPS | 0.53 | -0.6 | -0.26 | -1.44 | |
| Net profit margin | 9.55% | -8.25% | 0.30% | -12.59% | |
| Operating income | 72.3M | 56.1M | 55.4M | 19.2M | |
| Net change in cash | 63.5M | 123.6M | -26.6M | 57.6M | |
| Cash on hand | 281.3M | 217.8M | 94.2M | 120.8M | |
| Cost of revenue | 455.9M | 425.8M | 406.7M | 395.8M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 10 Aug 20 | Rosen Andrea | Common Stock | Payment of exercise | Dispose F | No | 69.25 | 1,015 | 70.29K | 4,977 |
| 7 Aug 20 | Leagh Erin Turner | Common Stock | Sell | Dispose S | Yes | 74.2 | 900 | 66.78K | 121,611 |
| 7 Aug 20 | Leagh Erin Turner | Common Stock | Sell | Dispose S | Yes | 73.12 | 4,100 | 299.79K | 122,511 |
| 7 Aug 20 | Leagh Erin Turner | Common Stock | Option exercise | Aquire M | Yes | 38.63 | 5,000 | 193.15K | 126,611 |
| 7 Aug 20 | Leagh Erin Turner | Option (right to purchase) Common Stock | Option exercise | Dispose M | Yes | 38.63 | 5,000 | 193.15K | 95,000 |
| 15 Jun 20 | Linda Provie Mantia | Common Stock | Grant | Aquire A | No | 0 | 2,626 | 0 | 2,626 |
| 9 Jun 20 | David D Ossip | Common Stock | Sell | Dispose S | No | 81 | 500,000 | 40.5M | 559,873 |
| 9 Jun 20 | David D Ossip | Common Stock | Option exercise | Aquire M | No | 16.8 | 500,000 | 8.4M | 1,059,873 |
| 9 Jun 20 | David D Ossip | Option Common Stock | Option exercise | Dispose M | No | 16.8 | 500,000 | 8.4M | 500,000 |
Institutional ownership Q1 2020
13F holders |
Current |
|---|---|
| Total holders | 202 |
| Opened positions | 47 |
| Closed positions | 44 |
| Increased positions | 78 |
| Reduced positions | 53 |
13F shares |
Current |
|---|---|
| Total value | 7.75B |
| Total shares | 154.71M |
| Total puts | 93K |
| Total calls | 93.6K |
| Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
|---|---|---|
| N Price T Rowe Associates | 21.57M | $1.08B |
| CNNE Cannae | 19.84M | $993.35M |
| Capital Research Global Investors | 17.67M | $884.74M |
| Thomas H Lee Partners | 12.4M | $620.77M |
| Select Equity | 10.4M | $520.87M |
| Vanguard | 9.76M | $488.64M |
| BLK BlackRock | 8.97M | $449M |
| Artisan Partners Limited Partnership | 7.43M | $371.88M |
| Capital World Investors | 5.85M | $292.9M |
| Lone Pine Capital | 3.24M | $162.46M |
Financial report summary
?Competition
Automatic Data Processing • Oracle • Oracle Systems • SAP SE • The Ultimate Software Group Inc • Software • Workday • Oracle • Software • Cornerstone OndemandRisks
- Our business has been adversely affected and will likely continue to be adversely affected by the COVID-19 pandemic.
- Our Dayforce Wallet program presents the potential for our employer customers or employee customers to become the victim of fraud or other similar illegal behavior.
- Our solutions and our business are subject to a variety of U.S. and international laws and regulations, including those regarding privacy, data protection, and information security. Any failure by us or our third party service providers, as well as the failure of our platform or services, to comply with applicable laws and regulations could have a material adverse effect on our business, financial condition, and results of operations.
- For our Dayforce Wallet service, we advance earned net wages and associated tax amounts on behalf of customers in connection with the “on demand pay” payroll feature of the service in order to provide their employees access to earned wages in advance of their standard payroll cycles. A customer may fail to satisfy its obligation to repay us for those advanced monies which could have a material adverse effect on our business, financial condition, and results of operations.
- Regulatory requirements placed on our software and services could impose increased costs on us, delay or prevent our introduction of new products and services, and impair the function or value of our existing products and services.
- Customer funds and wage funds of their employees that our trustees and third-party financial institution partners hold in trust are subject to market, interest rate, credit, and liquidity risks. The loss of these funds could have a material adverse effect on our business, financial condition, and results of operations.
Management Discussion
- Total revenue increased $83.4 million, or 11.3%, to $824.1 million for the year ended December 31, 2019, compared to $740.7 million for the year ended December 31, 2018. This increase was primarily driven by an increase in Cloud revenue of $131.2 million, or 24.8%, from $528.8 million for the year ended December 31, 2018, to $660.0 million for the year ended December 31, 2019. The Cloud revenue increase was primarily due to an increase of $102.3 million, or 24.6%, in Cloud recurring services revenue, and $28.9 million, or 25.6%, in Cloud professional services and other revenue. The increase in Cloud recurring services revenue of $102.3 million was attributable to increases of $85.4 million from new customers, add-ons, and revenue uplift from migrations of Bureau customers; $19.3 million from the migration of Bureau customers; and $13.7 million from increased float revenue allocated to Cloud recurring services revenue, partially offset by customer attrition of $16.1 million.
Content analysis
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| Readability |
H.S. sophomore Good
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New words:
achieved, Bradstreet, broader, Carlo, conclusion, consecutive, curtailed, declared, Dun, forward, Monte, NYSE, onset, outbreak, plant, segment, simulation, stipulated, uncertain, unremitted, York
Removed:
drawn, expanding, leverage
Financial reports
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q1
Quarterly report
24 May 18
Current reports
8-K
Ceridian Reports Second Quarter 2020 Results
5 Aug 20
8-K
Departure of Directors or Certain Officers
2 Jul 20
8-K
Other Events
18 Jun 20
8-K
Linda Mantia Joins Ceridian HCM Holding Inc. Board of Directors
12 Jun 20
8-K
Departure of Directors or Certain Officers
11 May 20
8-K
Ceridian Reports First Quarter 2020 Results
6 May 20
8-K
Departure of Directors or Certain Officers
1 May 20
8-K
Ceridian HCM Holding Inc. to Hold Virtual Annual Meeting of Stockholders
8 Apr 20
8-K
Termination of a Material Definitive Agreement
3 Apr 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
3 Apr 20
Registration and prospectus
424B3
Prospectus supplement
14 Nov 19
424B3
Prospectus supplement
13 Nov 19
424B3
Prospectus supplement
5 Sep 19
424B3
Prospectus supplement
4 Sep 19
424B3
Prospectus supplement
8 Aug 19
424B3
Prospectus supplement
7 Aug 19
424B3
Prospectus supplement
22 May 19
424B3
Prospectus supplement
21 May 19
S-3ASR
Automatic shelf registration
21 May 19
S-8
Registration of securities for employees
21 May 19
Other
EFFECT
Notice of effectiveness
20 Mar 19
EFFECT
Notice of effectiveness
14 Nov 18
CORRESP
Correspondence with SEC
9 Nov 18
CORRESP
Correspondence with SEC
9 Nov 18
UPLOAD
Letter from SEC
23 Oct 18
EFFECT
Notice of effectiveness
25 Apr 18
CORRESP
Correspondence with SEC
23 Apr 18
CORRESP
Correspondence with SEC
23 Apr 18
CORRESP
Correspondence with SEC
20 Apr 18
UPLOAD
Letter from SEC
19 Apr 18
Ownership
4
Ceridian HCM Holding / Andrea Rosen ownership change
11 Aug 20
4
Ceridian HCM Holding / Leagh Erin Turner ownership change
11 Aug 20
4
Ceridian HCM Holding / Linda Provie Mantia ownership change
17 Jun 20
3
Ceridian HCM Holding / Linda Provie Mantia ownership change
12 Jun 20
4
Ceridian HCM Holding / David D Ossip ownership change
11 Jun 20
4
Ceridian HCM Holding / Arthur Gitajn ownership change
22 May 20
4
Change in insider ownership
21 May 20
4
Ceridian HCM Holding / Jeffrey Scott Jacobs ownership change
19 May 20
4
Ceridian HCM Holding / Andrea Rosen ownership change
19 May 20
4
Ceridian HCM Holding / David D Ossip ownership change
11 May 20