Mackenzie Financial Corp Has $316,000 Stake in Ceridian HCM Holding Inc. (NYSE:CDAY)

Mackenzie Financial Corp reduced its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,708 shares of the company’s stock after selling 799 shares during the quarter. Mackenzie Financial Corp’s holdings in Ceridian HCM were worth $316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blueshift Asset Management LLC grew 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 valued at $515,000 after purchasing an additional 162 shares during the period. CWM LLC grew its holdings in shares of Ceridian HCM by 5.4% in the 3rd quarter. CWM LLC now owns 3,268 shares of the company’s stock valued at $222,000 after buying an additional 167 shares during the period. Wahed Invest LLC raised its stake in Ceridian HCM by 8.3% during the 3rd quarter. Wahed Invest LLC now owns 2,328 shares of the company’s stock worth $158,000 after buying an additional 178 shares during the period. Xponance Inc. lifted its holdings in Ceridian HCM by 0.8% during the third quarter. Xponance Inc. now owns 22,588 shares of the company’s stock worth $1,533,000 after acquiring an additional 189 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Ceridian HCM by 10.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after acquiring an additional 216 shares during the period.

Wall Street Analyst Weigh In

CDAY has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on Ceridian HCM in a research report on Wednesday, January 10th. They set a “buy” rating and a $75.00 price target on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $86.00 price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.38.

Ceridian HCM Price Performance

Shares of CDAY opened at $60.98 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Ceridian HCM Holding Inc. has a twelve month low of $55.62 and a twelve month high of $79.66. The stock has a market capitalization of $9.52 billion, a P/E ratio of 2,032.67, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average of $65.80 and a 200-day moving average of $67.26.

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.