Analysts Set Ceridian HCM Holding Inc. (NYSE:CDAY) PT at $76.38

Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $76.38.

A number of research analysts have recently issued reports on the stock. Robert W. Baird restated an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a research report on Friday, January 19th. Stifel Nicolaus started coverage on shares of Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDAY. Advisor Group Holdings Inc. grew its holdings in shares of Ceridian HCM by 137.2% during the first quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the company’s stock valued at $406,000 after buying an additional 3,448 shares during the last quarter. Raymond James & Associates boosted its position in shares of Ceridian HCM by 149.1% during the first quarter. Raymond James & Associates now owns 4,933 shares of the company’s stock valued at $337,000 after buying an additional 2,953 shares during the last quarter. US Bancorp DE raised its position in Ceridian HCM by 133.5% in the 1st quarter. US Bancorp DE now owns 1,880 shares of the company’s stock valued at $128,000 after buying an additional 1,075 shares during the last quarter. Private Advisor Group LLC lifted its stake in Ceridian HCM by 38.8% during the 1st quarter. Private Advisor Group LLC now owns 3,155 shares of the company’s stock valued at $216,000 after acquiring an additional 882 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Ceridian HCM by 416.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,152 shares of the company’s stock worth $353,000 after acquiring an additional 4,154 shares during the last quarter.

Ceridian HCM Stock Down 0.6 %

Shares of CDAY opened at $60.95 on Tuesday. The company has a market capitalization of $9.52 billion, a PE ratio of 2,031.67, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average price is $67.25 and its two-hundred day moving average price is $67.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Ceridian HCM has a 12 month low of $55.62 and a 12 month high of $79.66.

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, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.