Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Ceridian HCM Holding Inc. (NYSE:CDAY) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 349,858 shares of the company’s stock after acquiring an additional 18,256 shares during the period. New York State Common Retirement Fund’s holdings in Ceridian HCM were worth $23,482,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CDAY. Itau Unibanco Holding S.A. acquired a new stake in shares of Ceridian HCM in the 3rd quarter worth $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Ceridian HCM in the 3rd quarter worth $44,000. Desjardins Global Asset Management Inc. lifted its stake in shares of Ceridian HCM by 68.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock worth $49,000 after acquiring an additional 294 shares during the period. Sentry Investment Management LLC increased its holdings in shares of Ceridian HCM by 40.5% in the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after purchasing an additional 257 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Ceridian HCM by 10.7% in the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after purchasing an additional 216 shares in the last quarter.

Ceridian HCM Stock Performance

NYSE:CDAY opened at $59.58 on Friday. 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 firm has a 50-day moving average price of $66.08 and a two-hundred day moving average price of $67.35. Ceridian HCM Holding Inc. has a twelve month low of $55.62 and a twelve month high of $79.66. The company has a market capitalization of $9.30 billion, a P/E ratio of 1,986.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Analysts Set New Price Targets

CDAY has been the subject of a number of research analyst reports. 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 target for the company. Robert W. Baird reiterated an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ceridian HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

Ceridian HCM 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.