Northwestern Mutual Wealth Management Co. Cuts Stock Position in Ceridian HCM Holding Inc. (NYSE:CDAY)

Northwestern Mutual Wealth Management Co. lowered its holdings in Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) by 74.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 745 shares of the company’s stock after selling 2,188 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ceridian HCM were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State of Michigan Retirement System boosted its position in Ceridian HCM by 0.6% in the first quarter. State of Michigan Retirement System now owns 34,510 shares of the company’s stock worth $2,359,000 after purchasing an additional 210 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Ceridian HCM by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 45,544 shares of the company’s stock valued at $2,144,000 after buying an additional 220 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Ceridian HCM by 3.9% during the 2nd quarter. Victory Capital Management Inc. now owns 5,962 shares of the company’s stock valued at $281,000 after buying an additional 224 shares during the last quarter. Signaturefd LLC lifted 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 valued at $41,000 after buying an additional 251 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Ceridian HCM by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 38,179 shares of the company’s stock valued at $1,797,000 after buying an additional 267 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CDAY. Barclays raised Ceridian HCM from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $54.00 to $64.00 in a research report on Monday, October 31st. Cowen upped their price target on Ceridian HCM from $67.00 to $70.00 in a research report on Thursday, November 3rd. Piper Sandler upped their price target on Ceridian HCM from $48.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. decreased their price objective on Ceridian HCM from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd. Finally, Citigroup decreased their price objective on Ceridian HCM from $73.00 to $68.00 in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.08.

Insiders Place Their Bets

In other news, COO Christopher R. Armstrong sold 12,500 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $58.00, for a total value of $725,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100,477 shares in the company, valued at approximately $5,827,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the executive vice president now directly owns 99,603 shares in the company, valued at approximately $6,301,881.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher R. Armstrong sold 12,500 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $58.00, for a total value of $725,000.00. Following the completion of the transaction, the chief operating officer now owns 100,477 shares of the company’s stock, valued at $5,827,666. The disclosure for this sale can be found here. Insiders have sold 47,988 shares of company stock worth $2,891,617 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Ceridian HCM Price Performance

Shares of NYSE CDAY opened at $65.30 on Monday. The firm has a market capitalization of $9.90 billion, a P/E ratio of -128.04 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $59.43 and its two-hundred day simple moving average is $56.87. Ceridian HCM Holding Inc. has a twelve month low of $43.23 and a twelve month high of $121.22.

Ceridian HCM Company Profile

(Get Rating)

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.

See Also

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

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