What's Going On With Ceridian HCM Holdings Stock Thursday?

Ceridian HCM Holding Inc CDAY stock traded higher Thursday after it launched a bouquet of offerings, including Dayforce Autonomous Payroll, Dayforce Exchange, Dayforce Co-Pilot, and Dayforce Alumni Network at INSIGHTS 2023, the company's annual customer conference in Las Vegas and livestreamed online.

The human capital management (HCM) technology company's Dayforce Autonomous Payroll is a new, automated, one-of-a-kind payroll capability that will modernize the experience for administrators.

Dayforce Autonomous Payroll improves payroll processing by eliminating manual identification of data anomalies and allowing administrators to complete a payroll run instantly. 

Dayforce Autonomous Payroll runs payroll simulations constantly during the pay period, giving administrators advance notification of potential issues.

It launched a new suite of features across Dayforce to elevate the user experience. These new hyper-personalized features embed Dayforce Co-Pilot – Ceridian's next generation of AI-fueled features, enabling Dayforce customers to harness AI-powered intelligence across the Dayforce environment.

Ceridian's Dayforce Exchange is an open and connected marketplace that extends the Dayforce experience across applications, data, content, and the workforce.

Comprised of Talent Exchange, Solution Exchange, and Partner Exchange – Dayforce Exchange extends the Dayforce platform's unique HCM capabilities across internal and external networks without extra navigation or login experiences. 

The Dayforce Co-Pilot is a new suite of Dayforce features powered by artificial intelligence (AI). Dayforce Co-Pilot transforms work by automating repetitive tasks and serving as a hyper-personalized guide for employees.

The Dayforce Alumni Network is a new way for organizations to connect with employees after they depart.

In addition to filling shifts and work assignments, alumni can leverage self-service functionality to easily access tax forms and other paperwork through the Dayforce Experience Hub. 

Needham upgraded Ceridian HCM Holding to Buy, announced $82 price target.

Price Action: CDAY shares traded higher by 2.14% at $70.53 premarket on the last check Thursday.