Nelson Van Denburg & Campbell Wealth Management Group LLC Grows Stock Holdings in Ceridian HCM Holding Inc (NYSE:CDAY)

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Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Ceridian HCM Holding Inc (NYSE:CDAY) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,490 shares of the company’s stock after buying an additional 1,070 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Ceridian HCM were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Ceridian HCM by 31.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 13,864,672 shares of the company’s stock worth $696,007,000 after buying an additional 3,312,089 shares in the last quarter. Vanguard Group Inc. raised its position in Ceridian HCM by 30.9% during the second quarter. Vanguard Group Inc. now owns 6,487,533 shares of the company’s stock worth $325,674,000 after acquiring an additional 1,531,004 shares during the last quarter. BlackRock Inc. raised its position in Ceridian HCM by 28.6% during the second quarter. BlackRock Inc. now owns 2,913,790 shares of the company’s stock worth $146,271,000 after acquiring an additional 647,177 shares during the last quarter. Bamco Inc. NY raised its position in Ceridian HCM by 8.2% during the second quarter. Bamco Inc. NY now owns 2,562,171 shares of the company’s stock worth $128,621,000 after acquiring an additional 195,002 shares during the last quarter. Finally, Echo Street Capital Management LLC raised its position in Ceridian HCM by 219.8% during the second quarter. Echo Street Capital Management LLC now owns 644,375 shares of the company’s stock worth $32,348,000 after acquiring an additional 442,859 shares during the last quarter. 81.29% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Ozzie J. Goldschmied sold 63,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $53.99, for a total value of $3,401,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas H. Lee Advisors, Llc sold 9,500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.27, for a total transaction of $468,065,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,207,412 shares of company stock valued at $895,501,643. Company insiders own 26.90% of the company’s stock.

NYSE:CDAY opened at $48.83 on Friday. The firm has a 50 day simple moving average of $52.78 and a 200-day simple moving average of $51.31. 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 market cap of $6.91 billion, a PE ratio of -976.60 and a beta of 1.47. Ceridian HCM Holding Inc has a 1-year low of $31.39 and a 1-year high of $58.95.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $196.30 million during the quarter, compared to analyst estimates of $192.29 million. Ceridian HCM had a net margin of 4.19% and a return on equity of 2.34%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.44) earnings per share. As a group, sell-side analysts expect that Ceridian HCM Holding Inc will post 0.35 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Barclays set a $50.00 target price on shares of Ceridian HCM and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Jefferies Financial Group upgraded shares of 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 report on Monday, August 19th. ValuEngine cut shares of Ceridian HCM from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Canaccord Genuity set a $55.00 target price on shares of Ceridian HCM and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded shares of Ceridian HCM from a “sell” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ceridian HCM currently has a consensus rating of “Buy” and an average target price of $56.92.

Ceridian HCM 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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Institutional Ownership by Quarter for Ceridian HCM (NYSE:CDAY)

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