Shares of Ceridian HCM Holding Inc (NYSE:CDAY) reached a new 52-week high on Tuesday . The stock traded as high as $44.32 and last traded at $43.75, with a volume of 20056 shares trading hands. The stock had previously closed at $43.36.

A number of equities analysts recently commented on the stock. Barclays boosted their price objective 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. Guggenheim assumed coverage on shares of Ceridian HCM in a research note on Monday, August 20th. They issued a “buy” rating and a $45.00 price objective for the company. Canaccord Genuity reissued a “hold” rating and issued a $36.00 price objective on shares of Ceridian HCM in a research note on Friday, August 10th. Citigroup reduced their price objective on shares of Ceridian HCM from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. Finally, William Blair raised shares of Ceridian HCM from a “market perform” rating to an “outperform” rating in a research note on Friday, August 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ceridian HCM has a consensus rating of “Hold” and a consensus target price of $39.17.

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 issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $179.30 million during the quarter, compared to the consensus estimate of $174.47 million. research analysts anticipate that Ceridian HCM Holding Inc will post -0.25 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. JS Capital Management LLC acquired a new position in shares of Ceridian HCM during the second quarter worth $6,638,000. K2 Principal Fund L.P. acquired a new position in shares of Ceridian HCM during the second quarter worth $2,906,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ceridian HCM during the second quarter worth $27,807,000. Fidelity National Financial Inc. acquired a new position in shares of Ceridian HCM during the second quarter worth $33,190,000. Finally, Citadel Advisors LLC acquired a new position in shares of Ceridian HCM during the second quarter worth $22,617,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Ceridian HCM Company Profile (NYSE:CDAY)

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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