Ceridian HCM Holding Inc. (NYSE:CDAY) Given Consensus Rating of “Moderate Buy” by Brokerages

Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $78.79.

CDAY has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Ceridian HCM from $75.00 to $65.00 in a research report on Thursday, May 4th. DA Davidson dropped their target price on shares of Ceridian HCM from $86.00 to $77.00 in a research report on Thursday, May 4th. Barclays lowered their price objective on shares of Ceridian HCM from $74.00 to $73.00 in a research report on Thursday, May 4th. Credit Suisse Group cut their target price on shares of Ceridian HCM from $105.00 to $83.00 in a report on Thursday, May 4th. Finally, BMO Capital Markets upped their target price on Ceridian HCM from $73.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, February 9th.

Ceridian HCM Price Performance

CDAY opened at $62.50 on Friday. The company has a 50-day moving average of $65.12 and a 200-day moving average of $67.37. The company has a market capitalization of $9.57 billion, a P/E ratio of -260.42 and a beta of 1.44. Ceridian HCM has a 1-year low of $43.23 and a 1-year high of $79.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Activity at Ceridian HCM

In other Ceridian HCM news, EVP William Everett Mcdonald sold 709 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $57.82, for a total transaction of $40,994.38. Following the transaction, the executive vice president now owns 53,626 shares of the company’s stock, valued at approximately $3,100,655.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Ceridian HCM news, EVP William Everett Mcdonald sold 709 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $57.82, for a total transaction of $40,994.38. Following the transaction, the executive vice president now owns 53,626 shares of the company’s stock, valued at approximately $3,100,655.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Christopher R. Armstrong sold 1,772 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $57.82, for a total transaction of $102,457.04. Following the transaction, the chief operating officer now directly owns 123,797 shares in the company, valued at approximately $7,157,942.54. The disclosure for this sale can be found here. Insiders sold 36,896 shares of company stock worth $2,616,959 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Ceridian HCM

Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in shares of Ceridian HCM in the 3rd quarter worth approximately $25,000. Belpointe Asset Management LLC acquired a new position in shares of Ceridian HCM in the 4th quarter worth approximately $35,000. Advisors Asset Management Inc. acquired a new position in shares of Ceridian HCM in the 1st quarter worth approximately $41,000. Freedom Wealth Alliance LLC acquired a new position in shares of Ceridian HCM in the 4th quarter worth approximately $49,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Ceridian HCM by 40.7% in the 4th quarter. Quadrant Capital Group LLC now owns 781 shares of the company’s stock worth $50,000 after purchasing an additional 226 shares during the last quarter.

About Ceridian HCM

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Ceridian HCM Holding, Inc engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.