Other equities research analysts have also recently issued reports about the stock. Barclays dropped their price target on shares of Ceridian HCM from $66.00 to $64.00 and set an equal weight rating on the stock in a research report on Tuesday, January 10th. Cowen boosted their price objective on Ceridian HCM from $70.00 to $77.00 and gave the stock an outperform rating in a report on Monday, November 14th. JPMorgan Chase & Co. cut their price objective on Ceridian HCM from $75.00 to $70.00 and set a neutral rating on the stock in a report on Thursday, November 3rd. Citigroup cut their price objective on Ceridian HCM from $73.00 to $68.00 in a report on Friday, October 21st. Finally, Moffett Nathanson initiated coverage on Ceridian HCM in a report on Monday, January 9th. They set a market perform rating and a $68.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ceridian HCM currently has a consensus rating of Moderate Buy and a consensus price target of $71.07.
Ceridian HCM Price Performance
Shares of Ceridian HCM stock opened at $72.79 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $65.45 and its two-hundred day moving average price is $61.47. Ceridian HCM has a 52 week low of $43.23 and a 52 week high of $81.07. The stock has a market cap of $11.06 billion, a PE ratio of -142.73 and a beta of 1.45.
Insider Buying and Selling at Ceridian HCM
In other Ceridian HCM news, CEO Leagh Erin Turner sold 6,500 shares of Ceridian HCM stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $62.74, for a total transaction of $407,810.00. Following the transaction, the chief executive officer now owns 176,643 shares of the company’s stock, valued at approximately $11,082,581.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.
Institutional Investors Weigh In On Ceridian HCM
Several large investors have recently made changes to their positions in CDAY. Lazard Asset Management LLC bought a new stake in shares of Ceridian HCM in the 3rd quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its stake in shares of Ceridian HCM by 114.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 844 shares of the company’s stock valued at $40,000 after buying an additional 451 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Ceridian HCM in the 1st quarter valued at approximately $41,000. Allworth Financial LP grew its stake in shares of Ceridian HCM by 258.2% in the 3rd quarter. Allworth Financial LP now owns 978 shares of the company’s stock valued at $55,000 after buying an additional 705 shares in the last quarter. Finally, Wahed Invest LLC bought a new stake in shares of Ceridian HCM in the 2nd quarter valued at approximately $69,000.
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 (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.
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