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

Ceridian HCM Holding Inc. (NYSE:CDAY) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.38.

Several research firms have recently commented on CDAY. Stifel Nicolaus assumed coverage on Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price objective on the stock. Robert W. Baird reiterated an “outperform” rating and set a $86.00 target price on shares of Ceridian HCM in a research report on Friday, January 19th.

Hedge Funds Weigh In On Ceridian HCM

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its holdings in shares of Ceridian HCM by 238.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,015 shares of the company’s stock worth $67,000 after purchasing an additional 715 shares during the period. Mather Group LLC. purchased a new position in shares of Ceridian HCM in the 1st quarter worth approximately $94,000. PNC Financial Services Group Inc. boosted its holdings in shares of Ceridian HCM by 3.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,822 shares of the company’s stock worth $861,000 after purchasing an additional 392 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Ceridian HCM by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 16,822,824 shares of the company’s stock worth $1,129,148,000 after purchasing an additional 112,101 shares during the period. Finally, Wahed Invest LLC lifted its stake in shares of Ceridian HCM by 1,258.6% during the 4th quarter. Wahed Invest LLC now owns 31,629 shares of the company’s stock worth $2,123,000 after acquiring an additional 29,301 shares during the last quarter.

Ceridian HCM Stock Down 3.6 %

NYSE CDAY opened at $58.75 on Tuesday. The stock’s 50-day moving average price is $66.82 and its 200-day moving average price is $67.54. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Ceridian HCM has a 52 week low of $55.62 and a 52 week high of $79.66. The company has a market capitalization of $9.17 billion, a P/E ratio of 1,958.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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.