Ceridian HCM Holding Inc. (NYSE:CDAY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $76.38.

A number of analysts recently commented on the company. Robert W. Baird reiterated an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research report on Friday, January 19th. Stifel Nicolaus initiated coverage on Ceridian HCM in a research report on Wednesday, January 10th. They set a “buy” rating and a $75.00 price objective for the company.

Institutional Investors Weigh In On Ceridian HCM

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blueshift Asset Management LLC boosted its position in Ceridian HCM by 2.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 7,583 shares of the company’s stock worth $515,000 after acquiring an additional 162 shares during the period. CWM LLC lifted its holdings in shares of Ceridian HCM by 5.4% during the third quarter. CWM LLC now owns 3,268 shares of the company’s stock valued at $222,000 after purchasing an additional 167 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of Ceridian HCM by 8.3% during the third quarter. Wahed Invest LLC now owns 2,328 shares of the company’s stock valued at $158,000 after purchasing an additional 178 shares during the last quarter. Xponance Inc. raised its position in Ceridian HCM by 0.8% during the third quarter. Xponance Inc. now owns 22,588 shares of the company’s stock valued at $1,533,000 after buying an additional 189 shares during the period. Finally, Signaturefd LLC raised its position in Ceridian HCM by 10.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after buying an additional 216 shares during the period.

Ceridian HCM Trading Down 3.4 %

Ceridian HCM stock opened at $60.64 on Tuesday. The stock has a market cap of $9.47 billion, a PE ratio of 2,021.33, a P/E/G ratio of 2.12 and a beta of 1.38. The stock has a 50-day moving average price of $67.86 and a 200 day moving average price of $67.85. Ceridian HCM has a 52 week low of $55.62 and a 52 week high of $79.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

About Ceridian HCM

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, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.