Charles Schwab Investment Management Inc. grew its holdings in shares of Ceridian HCM Holding Inc. (NYSE:CDAY – Free Report) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,297,848 shares of the company’s stock after purchasing an additional 21,060 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Ceridian HCM worth $88,059,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blueshift Asset Management LLC raised its holdings in Ceridian HCM by 2.2% during the third quarter. Blueshift Asset Management LLC now owns 7,583 shares of the company’s stock worth $515,000 after purchasing an additional 162 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Ceridian HCM by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 53,613 shares of the company’s stock valued at $3,638,000 after acquiring an additional 305 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in Ceridian HCM during the third quarter worth about $217,000. Banque Cantonale Vaudoise grew its position in shares of Ceridian HCM by 5,620.6% in the third quarter. Banque Cantonale Vaudoise now owns 3,890 shares of the company’s stock valued at $264,000 after purchasing an additional 3,822 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Ceridian HCM by 13.5% during the 3rd quarter. Amalgamated Bank now owns 53,326 shares of the company’s stock worth $3,618,000 after purchasing an additional 6,363 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CDAY shares. UBS Group initiated coverage on Ceridian HCM in a report on Tuesday, November 7th. They issued a “buy” rating and a $87.00 price target for the company. Stifel Nicolaus assumed coverage on shares of Ceridian HCM in a research note on Wednesday, January 10th. They set a “buy” rating and a $75.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price objective on shares of Ceridian HCM in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Ceridian HCM from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $86.00 target price on shares of Ceridian HCM in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Ceridian HCM has an average rating of “Moderate Buy” and a consensus target price of $76.38.
Ceridian HCM Price Performance
CDAY stock opened at $69.52 on Monday. The company has a market cap of $10.85 billion, a PE ratio of 2,317.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $67.44 and a two-hundred day moving average price of $69.00. Ceridian HCM Holding Inc. has a 12-month low of $55.62 and a 12-month high of $79.66.
Ceridian HCM Company Profile
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, 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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