Livforsakringsbolaget Skandia Omsesidigt Invests $149,000 in Ceridian HCM Holding Inc. (NYSE:CDAY)

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,400 shares of the company’s stock, valued at approximately $149,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Ceridian HCM by 11.5% during the fourth quarter. BlackRock Inc. now owns 12,142,343 shares of the company’s stock worth $1,293,889,000 after acquiring an additional 1,253,768 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Ceridian HCM by 9.3% in the fourth quarter. Janus Henderson Group PLC now owns 5,531,394 shares of the company’s stock valued at $589,425,000 after purchasing an additional 471,651 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ceridian HCM by 71.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,384,856 shares of the company’s stock valued at $360,690,000 after purchasing an additional 1,411,450 shares during the last quarter. Bamco Inc. NY increased its holdings in Ceridian HCM by 1.0% in the fourth quarter. Bamco Inc. NY now owns 2,898,594 shares of the company’s stock valued at $308,874,000 after purchasing an additional 28,891 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Ceridian HCM by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,229,729 shares of the company’s stock valued at $131,039,000 after purchasing an additional 58,017 shares during the last quarter.

In other news, COO Leagh Erin Turner sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $102.43, for a total transaction of $512,150.00. Following the completion of the transaction, the chief operating officer now directly owns 126,611 shares of the company’s stock, valued at $12,968,764.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 17.60% of the stock is owned by corporate insiders.

CDAY stock opened at $86.51 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $12.70 billion, a P/E ratio of 1,081.51 and a beta of 1.39. The business has a 50-day moving average of $87.08 and a 200-day moving average of $93.36. Ceridian HCM Holding Inc. has a fifty-two week low of $45.47 and a fifty-two week high of $111.93.

Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings data on Monday, February 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $222.80 million during the quarter, compared to analysts’ expectations of $217.96 million. Ceridian HCM had a return on equity of 1.34% and a net margin of 1.40%. Equities analysts expect that Ceridian HCM Holding Inc. will post 0.14 EPS for the current year.

CDAY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Ceridian HCM from a “sell” rating to a “hold” rating in a report on Thursday, February 11th. BMO Capital Markets upgraded Ceridian HCM from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $112.00 to $115.00 in a report on Tuesday, February 16th. Credit Suisse Group dropped their price objective on Ceridian HCM from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, February 10th. Mizuho upped their price objective on Ceridian HCM from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, December 16th. Finally, Needham & Company LLC boosted their target price on Ceridian HCM from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $93.24.

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. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), 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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Institutional Ownership by Quarter for Ceridian HCM (NYSE:CDAY)

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