Ceridian HCM (NYSE:CDAY) Price Target Raised to $82.00 at Deutsche Bank Aktiengesellschaft

Ceridian HCM (NYSE:CDAYGet Rating) had its price objective raised by Deutsche Bank Aktiengesellschaft from $80.00 to $82.00 in a research note published on Monday, The Fly reports.

Several other research analysts also recently commented on the company. Citigroup decreased their price objective on Ceridian HCM from $73.00 to $68.00 in a report on Friday, October 21st. Cowen lifted their target price on shares of Ceridian HCM from $70.00 to $77.00 and gave the company an outperform rating in a report on Monday, November 14th. Moffett Nathanson assumed coverage on shares of Ceridian HCM in a report on Monday, January 9th. They issued a market perform rating and a $68.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Ceridian HCM from $75.00 to $70.00 and set a neutral rating for the company in a report on Thursday, November 3rd. Finally, Barclays decreased their target price on shares of Ceridian HCM from $66.00 to $64.00 and set an equal weight rating for the company in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $71.07.

Ceridian HCM Price Performance

Shares of NYSE CDAY opened at $72.79 on Monday. The stock has a fifty day simple moving average of $65.45 and a two-hundred day simple moving average of $61.47. Ceridian HCM has a 1-year low of $43.23 and a 1-year high of $81.07. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of -142.73 and a beta of 1.45. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59.

Ceridian HCM (NYSE:CDAYGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Ceridian HCM had a negative return on equity of 2.39% and a negative net margin of 6.52%. The firm had revenue of $315.60 million during the quarter, compared to analyst estimates of $305.37 million. Analysts anticipate that Ceridian HCM will post -0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Leagh Erin Turner sold 6,500 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $61.52, for a total transaction of $399,880.00. Following the transaction, the chief executive officer now directly owns 176,643 shares in the company, valued at $10,867,077.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ceridian HCM

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Ceridian HCM during the third quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in Ceridian HCM by 114.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 844 shares of the company’s stock worth $40,000 after acquiring an additional 451 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Ceridian HCM during the 1st quarter worth approximately $41,000. Allworth Financial LP grew its holdings in Ceridian HCM by 258.2% during the 3rd quarter. Allworth Financial LP now owns 978 shares of the company’s stock worth $55,000 after acquiring an additional 705 shares in the last quarter. Finally, Wahed Invest LLC acquired a new position in shares of Ceridian HCM in the 2nd quarter valued at $69,000.

About Ceridian HCM

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Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.

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