Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Bought by DnB Asset Management AS

DnB Asset Management AS raised its stake in Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,297 shares of the company’s stock after acquiring an additional 300 shares during the quarter. DnB Asset Management AS’s holdings in Ceridian HCM were worth $1,003,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Ceridian HCM in the fourth quarter worth $36,000. Advisors Asset Management Inc. acquired a new position in shares of Ceridian HCM in the first quarter worth $41,000. Signaturefd LLC raised its holdings in shares of Ceridian HCM by 71.3% in the first quarter. Signaturefd LLC now owns 603 shares of the company’s stock worth $41,000 after acquiring an additional 251 shares during the last quarter. CWM LLC raised its holdings in shares of Ceridian HCM by 631.1% in the first quarter. CWM LLC now owns 1,177 shares of the company’s stock worth $80,000 after acquiring an additional 1,016 shares during the last quarter. Finally, Wahed Invest LLC acquired a new position in shares of Ceridian HCM in the fourth quarter worth $163,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CDAY. Cowen boosted their price target on Ceridian HCM to $72.00 in a report on Tuesday, August 9th. BMO Capital Markets upped their target price on Ceridian HCM from $70.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Citigroup started coverage on Ceridian HCM in a research note on Thursday, September 1st. They issued a “buy” rating and a $73.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Ceridian HCM from $85.00 to $80.00 in a research note on Thursday, August 4th. Finally, Credit Suisse Group upped their target price on Ceridian HCM from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.08.

Insider Transactions at Ceridian HCM

In other news, EVP Joseph B. Korngiebel sold 11,418 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $63.27, for a total value of $722,416.86. Following the completion of the sale, the executive vice president now owns 99,603 shares of the company’s stock, valued at $6,301,881.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.90% of the company’s stock.

Ceridian HCM Stock Performance

Shares of NYSE:CDAY opened at $57.34 on Thursday. Ceridian HCM Holding Inc. has a 12 month low of $43.23 and a 12 month high of $130.37. The business has a 50-day moving average of $60.04 and a two-hundred day moving average of $58.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $8.78 billion, a PE ratio of -112.43 and a beta of 1.49.

Ceridian HCM (NYSE:CDAYGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Ceridian HCM had a negative return on equity of 2.68% and a negative net margin of 6.84%. The company had revenue of $301.20 million during the quarter, compared to the consensus estimate of $294.40 million. As a group, research analysts forecast that Ceridian HCM Holding Inc. will post -0.14 earnings per share for the current year.

About Ceridian HCM

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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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