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MarketScreener Homepage  >  Equities  >  Nyse  >  Ceridian HCM Holding Inc    CDAY

CERIDIAN HCM HOLDING INC

(CDAY)
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Canadian Government Names Three Cos. to Work on New Federal Pay System

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06/12/2019 | 03:37pm EDT

By Stephen Nakrosis

The Canadian government on Wednesday said it had named three companies as qualified vendors to work on a next-generation solution for its flawed Phoenix pay system.

The Treasury Board of Canada Secretariat said Ceridian HCM Holding, Sap SEand Workday will work with the government toward replacing the payroll platform for government employees.

The current system, which began operating in 2016, has seen government workers being overpaid, underpaid or not paid at all. Although the government said the new system would be a money saver, it could end up costing hundreds of millions of dollars to fix.

In 2017, Auditor General Michael Ferguson said, "Unacceptable doesn't capture the seriousness of this issue."

The government plans to establish a partnership with one or more of the companies to design and deliver a pilot project and test solutions against real human resources and pay needs.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CERIDIAN HCM HOLDING INC -4.18% 48.495 Delayed Quote.46.74%
SAP -0.30% 118.46 Delayed Quote.36.68%
WORKDAY -2.07% 204.75 Delayed Quote.30.93%
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Financials ($)
Sales 2019 812 M
EBIT 2019 128 M
Net income 2019 46,4 M
Debt 2019 378 M
Yield 2019 -
P/E ratio 2019 159,40
P/E ratio 2020 93,31
EV / Sales 2019 9,24x
EV / Sales 2020 8,06x
Capitalization 7 128 M
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Number of Analysts 13
Average target price 49,7 $
Spread / Average Target -1,8%
EPS Revisions
Managers
NameTitle
David D. Ossip Chairman & Chief Executive Officer
Leagh E. Turner President
Paul D. Elliott Chief Operating Officer
Arthur Gitajn Chief Financial Officer & Executive Vice President
Ozzie Goldschmied Chief Technology Officer & Executive VP
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