Wells Fargo & Company MN lifted its holdings in Ceridian HCM Holding Inc (NYSE:CDAY) by 520.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,455 shares of the company’s stock after acquiring an additional 163,948 shares during the period. Wells Fargo & Company MN owned approximately 0.14% of Ceridian HCM worth $9,812,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in CDAY. Aperio Group LLC acquired a new position in Ceridian HCM in the 2nd quarter worth approximately $25,000. Deutsche Bank AG increased its stake in shares of Ceridian HCM by 23.8% in the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock valued at $48,000 after acquiring an additional 274 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ceridian HCM by 81.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock valued at $89,000 after purchasing an additional 779 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Ceridian HCM in the 1st quarter valued at $92,000. Finally, BNP Paribas Arbitrage SA grew its position in Ceridian HCM by 113.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,783 shares of the company’s stock valued at $143,000 after purchasing an additional 1,480 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.
Shares of NYSE CDAY traded up $0.44 during mid-day trading on Thursday, reaching $52.23. 14,160 shares of the company’s stock were exchanged, compared to its average volume of 781,545. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of -1,050.80 and a beta of 1.53. Ceridian HCM Holding Inc has a 52 week low of $31.39 and a 52 week high of $58.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average price of $53.84 and a two-hundred day moving average price of $51.21.
A number of research firms have issued reports on CDAY. Cantor Fitzgerald began coverage on shares of Ceridian HCM in a report on Wednesday. They set an “overweight” rating and a $65.00 price objective on the stock. Mizuho set a $65.00 price objective on shares of Ceridian HCM and gave the stock a “buy” rating in a report on Friday, September 6th. Robert W. Baird lifted their price objective on shares of Ceridian HCM from $48.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Credit Suisse Group lifted their target price on Ceridian HCM from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group upgraded Ceridian HCM from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $65.00 in a research note on Monday, August 19th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.08.
In other Ceridian HCM news, EVP Scott A. Kitching sold 131,912 shares of Ceridian HCM stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa M. Sterling sold 6,250 shares of Ceridian HCM stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $49.30, for a total value of $308,125.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,201,162 shares of company stock valued at $895,176,581. 26.90% of the stock is currently owned by corporate insiders.
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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