abrdn plc Lowers Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

abrdn plc trimmed its position in Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,190 shares of the company’s stock after selling 6,064 shares during the period. abrdn plc’s holdings in Ceridian HCM were worth $2,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CDAY. Arizona State Retirement System boosted its position in shares of Ceridian HCM by 3.2% during the 1st quarter. Arizona State Retirement System now owns 37,912 shares of the company’s stock worth $2,592,000 after purchasing an additional 1,190 shares in the last quarter. Motive Wealth Advisors boosted its position in shares of Ceridian HCM by 3.6% during the 1st quarter. Motive Wealth Advisors now owns 14,299 shares of the company’s stock worth $978,000 after purchasing an additional 503 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Ceridian HCM by 1.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 18,262 shares of the company’s stock worth $1,248,000 after purchasing an additional 278 shares in the last quarter. Regentatlantic Capital LLC boosted its position in shares of Ceridian HCM by 25.8% during the 1st quarter. Regentatlantic Capital LLC now owns 8,007 shares of the company’s stock worth $547,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Ceridian HCM by 71.3% during the 1st quarter. Signaturefd LLC now owns 603 shares of the company’s stock worth $41,000 after purchasing an additional 251 shares in the last quarter.

Ceridian HCM Trading Up 1.5 %

Shares of CDAY stock opened at $55.58 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of -101.05 and a beta of 1.55. The firm has a 50-day moving average price of $51.47 and a 200 day moving average price of $60.82. Ceridian HCM Holding Inc. has a twelve month low of $43.23 and a twelve month high of $130.37.

Ceridian HCM (NYSE:CDAYGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $293.30 million during the quarter, compared to analysts’ expectations of $289.44 million. Ceridian HCM had a negative net margin of 7.72% and a negative return on equity of 3.11%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.03) EPS. Research analysts forecast that Ceridian HCM Holding Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ceridian HCM

In other Ceridian HCM news, EVP Rakesh Subramanian sold 4,315 shares of Ceridian HCM stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $53.00, for a total value of $228,695.00. Following the completion of the sale, the executive vice president now owns 59,441 shares in the company, valued at approximately $3,150,373. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Christopher R. Armstrong sold 1,811 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $52.99, for a total transaction of $95,964.89. Following the completion of the sale, the chief operating officer now owns 112,977 shares in the company, valued at approximately $5,986,651.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rakesh Subramanian sold 4,315 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $53.00, for a total value of $228,695.00. Following the sale, the executive vice president now owns 59,441 shares of the company’s stock, valued at approximately $3,150,373. The disclosure for this sale can be found here. Insiders sold 9,789 shares of company stock worth $535,214 in the last 90 days. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CDAY. Cowen decreased their target price on shares of Ceridian HCM from $90.00 to $75.00 in a research report on Thursday, May 5th. Barclays cut their price target on Ceridian HCM from $59.00 to $52.00 and set an “underweight” rating for the company in a research note on Monday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Ceridian HCM in a research note on Thursday, May 5th. TheStreet downgraded Ceridian HCM from a “c-” rating to a “d+” rating in a research note on Tuesday, April 26th. Finally, Cowen cut their price target on Ceridian HCM from $90.00 to $75.00 in a research note on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.58.

Ceridian HCM Company Profile

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

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

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