Duality Advisers LP Acquires Shares of 6,688 Ceridian HCM Holding Inc. (NYSE:CDAY)

Duality Advisers LP acquired a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,688 shares of the company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CDAY. Royal Bank of Canada lifted its position in Ceridian HCM by 4,203.7% in the third quarter. Royal Bank of Canada now owns 759,138 shares of the company’s stock valued at $51,508,000 after purchasing an additional 741,499 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Ceridian HCM by 8.9% during the third quarter. Artisan Partners Limited Partnership now owns 3,924,755 shares of the company’s stock valued at $266,295,000 after acquiring an additional 321,396 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Ceridian HCM during the third quarter valued at approximately $11,677,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Ceridian HCM during the third quarter valued at approximately $9,539,000. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Ceridian HCM by 7.4% during the third quarter. Westfield Capital Management Co. LP now owns 1,226,077 shares of the company’s stock valued at $83,189,000 after acquiring an additional 84,321 shares in the last quarter.

Wall Street Analyst Weigh In

CDAY has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on Ceridian HCM in a report on Wednesday, January 10th. They set a “buy” rating and a $75.00 target price for the company. Robert W. Baird restated an “outperform” rating and set a $86.00 target price on shares of Ceridian HCM in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.38.

Ceridian HCM Trading Up 0.7 %

NYSE CDAY opened at $59.70 on Friday. Ceridian HCM Holding Inc. has a 12 month low of $55.62 and a 12 month high of $79.66. The stock has a market cap of $9.32 billion, a P/E ratio of 1,990.00, a P/E/G ratio of 2.12 and a beta of 1.38. The stock’s fifty day moving average price is $66.34 and its 200-day moving average price is $67.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

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.