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

Other analysts have also recently issued reports about the company. Canaccord Genuity reissued a hold rating and issued a $36.00 target price on shares of Ceridian HCM in a research note on Friday, August 10th. Barclays raised their target price on 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 Ceridian HCM in a research note on Monday, August 20th. They issued a buy rating and a $45.00 target price on the stock. Citigroup cut their target price on Ceridian HCM from $38.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, August 10th. Finally, William Blair raised Ceridian HCM from a market perform rating to an outperform rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Ceridian HCM presently has an average rating of Hold and an average price target of $39.77.

Shares of NYSE:CDAY opened at $36.22 on Tuesday. Ceridian HCM has a 12-month low of $28.65 and a 12-month high of $44.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.44.

Ceridian HCM (NYSE:CDAY) last posted its earnings results on Wednesday, August 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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. As a group, analysts forecast that Ceridian HCM will post -0.25 earnings per share for the current fiscal year.

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

Ceridian HCM Company Profile

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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