William Blair upgraded shares of Ceridian HCM (NYSE:CDAY) from a market perform rating to an outperform rating in a report published on Friday, Marketbeat Ratings reports. William Blair also issued estimates for Ceridian HCM’s Q4 2018 earnings at $0.11 EPS.

Several other equities research analysts have also issued reports on CDAY. Piper Jaffray Companies began coverage on shares of Ceridian HCM in a research note on Monday, May 21st. They set an overweight rating and a $41.00 price target for the company. Jefferies Financial Group began coverage on shares of Ceridian HCM in a research note on Monday, May 21st. They set a hold rating and a $37.00 price target for the company. Canaccord Genuity began coverage on shares of Ceridian HCM in a research note on Monday, May 21st. They set a hold rating and a $36.00 price target for the company. Deutsche Bank began coverage on shares of Ceridian HCM in a research note on Monday, May 21st. They set a hold rating and a $40.00 price target for the company. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Ceridian HCM in a research note on Monday, May 21st. They set an overweight rating and a $46.00 price target for the company. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $38.64.

Shares of CDAY stock traded up $1.68 during trading hours on Friday, hitting $35.19. 821,798 shares of the company were exchanged, compared to its average volume of 247,964. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.01 and a current ratio of 1.01. Ceridian HCM has a 52-week low of $28.65 and a 52-week high of $42.46.

Ceridian HCM (NYSE:CDAY) last issued its quarterly earnings results on Tuesday, May 22nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.15). The firm had revenue of $208.90 million for the quarter, compared to the consensus estimate of $186.74 million. During the same period in the prior year, the firm posted ($0.25) EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. sell-side analysts forecast that Ceridian HCM will post 0.02 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. AGF Investments Inc. purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $1,665,000. Citadel Advisors LLC purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $22,617,000. Federated Investors Inc. PA purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $2,489,000. FMR LLC purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $26,561,000. Finally, Legal & General Group Plc purchased a new position in Ceridian HCM in the 2nd quarter valued at approximately $1,482,000. Institutional investors and hedge funds own 50.91% 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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