Jefferies Financial Group upgraded shares of Ceridian HCM (NYSE:CDAY) from a hold rating to a buy rating in a report issued on Monday, BenzingaRatingsTable reports. They currently have $65.00 price target on the stock, up from their prior price target of $58.00. Jefferies Financial Group also issued estimates for Ceridian HCM’s FY2019 earnings at $0.48 EPS.

CDAY has been the topic of a number of other reports. Credit Suisse Group boosted their price target on Ceridian HCM from $45.00 to $52.00 and gave the stock a neutral rating in a report on Wednesday, July 31st. Zacks Investment Research raised Ceridian HCM from a strong sell rating to a hold rating in a report on Thursday, June 6th. Piper Jaffray Companies boosted their price target on Ceridian HCM from $50.00 to $65.00 and gave the stock a positive rating in a report on Tuesday, April 30th. Barclays set a $50.00 price target on Ceridian HCM and gave the stock a hold rating in a report on Wednesday, July 31st. Finally, Canaccord Genuity set a $55.00 price target on Ceridian HCM and gave the stock a hold rating in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $54.45.

NYSE CDAY opened at $56.71 on Monday. The stock’s 50 day moving average is $51.31 and its 200 day moving average is $50.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40. Ceridian HCM has a 12 month low of $31.39 and a 12 month high of $57.47. The stock has a market cap of $7.19 billion, a PE ratio of -1,134.20 and a beta of 1.59.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. Ceridian HCM had a return on equity of 2.34% and a net margin of 4.19%. The company had revenue of $196.30 million for the quarter, compared to analysts’ expectations of $192.29 million. During the same period in the previous year, the firm earned ($0.44) EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that Ceridian HCM will post 0.5 EPS for the current fiscal year.

In other news, EVP Scott A. Kitching sold 131,912 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $51.30, for a total transaction of $6,767,085.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas H. Lee Advisors, Llc sold 9,500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.27, for a total value of $468,065,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,201,162 shares of company stock worth $503,176,581. Corporate insiders own 26.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp increased its position in shares of Ceridian HCM by 1.0% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 21,100 shares of the company’s stock valued at $1,074,000 after purchasing an additional 200 shares during the last quarter. Deutsche Bank AG increased its position in shares of Ceridian HCM by 23.8% during the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock valued at $48,000 after purchasing an additional 274 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Ceridian HCM by 7.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,408 shares of the company’s stock valued at $221,000 after purchasing an additional 318 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Ceridian HCM by 2.2% during the 2nd quarter. Bessemer Group Inc. now owns 20,569 shares of the company’s stock valued at $1,032,000 after purchasing an additional 435 shares during the last quarter. Finally, Aperio Group LLC bought a new position in shares of Ceridian HCM during the 2nd quarter valued at approximately $25,000. 77.32% of the stock is currently owned by hedge funds and other institutional investors.

Ceridian HCM Company Profile

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.

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Analyst Recommendations for Ceridian HCM (NYSE:CDAY)

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