Ceridian HCM (NYSE:CDAY) had its price target raised by Deutsche Bank from $40.00 to $42.00 in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the stock.

Several other analysts have also recently commented on CDAY. Credit Suisse Group assumed coverage on shares of Ceridian HCM in a research note on Friday, October 5th. They issued a neutral rating and a $45.00 price target on the stock. Canaccord Genuity reiterated a hold rating and issued a $36.00 price target on shares of Ceridian HCM in a research note on Friday, August 10th. Citigroup decreased their price target on shares of Ceridian HCM from $38.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, August 10th. William Blair upgraded shares of Ceridian HCM from a market perform rating to an outperform rating in a research note on Friday, August 10th. Finally, Barclays boosted their price target on shares of Ceridian HCM from $35.00 to $36.00 and gave the stock an equal weight rating in a research note on Friday, September 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $39.77.

Shares of CDAY stock opened at $36.22 on Tuesday. Ceridian HCM has a 52 week low of $28.65 and a 52 week high of $44.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 1.03.

Ceridian HCM (NYSE:CDAY) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05. The company had revenue of $179.30 million during the quarter, compared to analysts’ expectations of $174.47 million. Analysts predict that Ceridian HCM will post -0.25 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $247,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $286,000. Point72 Asset Management L.P. purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $332,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $344,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Ceridian HCM during the 2nd quarter valued at about $425,000. Hedge funds and other institutional investors own 72.15% of the company’s stock.

About Ceridian HCM

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.

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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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