Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Sold by Xponance Inc.

Xponance Inc. lowered its position in Ceridian HCM Holding Inc. (NYSE:CDAY) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,643 shares of the company’s stock after selling 1,945 shares during the quarter. Xponance Inc.’s holdings in Ceridian HCM were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CDAY. Itau Unibanco Holding S.A. acquired a new stake in Ceridian HCM in the 3rd quarter valued at $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Ceridian HCM in the third quarter valued at about $44,000. Desjardins Global Asset Management Inc. grew its stake in shares of Ceridian HCM by 68.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after buying an additional 294 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of Ceridian HCM by 40.5% during the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after buying an additional 257 shares during the period. Finally, Signaturefd LLC lifted its position in Ceridian HCM by 10.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $152,000 after acquiring an additional 216 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDAY. Robert W. Baird reiterated an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Stifel Nicolaus initiated coverage on shares of Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.38.

Ceridian HCM Trading Up 0.7 %

Shares of NYSE CDAY opened at $59.70 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $66.55 and its two-hundred day moving average price is $67.46. Ceridian HCM Holding Inc. has a 52-week low of $55.62 and a 52-week high of $79.66. The stock has a market capitalization of $9.32 billion, a P/E ratio of 1,990.00, a PEG ratio of 2.12 and a beta of 1.38.

About Ceridian HCM

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.