Ceridian HCM Holding Inc. (NYSE:CDAY) Given Average Rating of “Moderate Buy” by Brokerages

Ceridian HCM Holding Inc. (NYSE:CDAY) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $76.38.

Several analysts recently issued reports on CDAY shares. Robert W. Baird reiterated an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus started coverage on Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target for the company.

Hedge Funds Weigh In On Ceridian HCM

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Ceridian HCM during the third quarter worth about $36,000. Cary Street Partners Investment Advisory LLC bought a new position in Ceridian HCM in the third quarter worth about $44,000. Desjardins Global Asset Management Inc. lifted its holdings in Ceridian HCM by 68.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock worth $49,000 after acquiring an additional 294 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in Ceridian HCM by 40.5% in the third quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock worth $61,000 after acquiring an additional 257 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Ceridian HCM by 238.3% in the first quarter. Sound Income Strategies LLC now owns 1,015 shares of the company’s stock worth $67,000 after acquiring an additional 715 shares during the last quarter.

Ceridian HCM Stock Down 3.6 %

Shares of NYSE CDAY opened at $58.75 on Tuesday. Ceridian HCM has a 12-month low of $55.62 and a 12-month high of $79.66. The company has a market cap of $9.17 billion, a P/E ratio of 1,958.33, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $66.82 and a 200 day moving average price of $67.54.

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.