Fiera Capital Corp lessened its holdings in shares of Ceridian HCM Holding Inc (NYSE:CDAY) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,229 shares of the company’s stock after selling 4,542 shares during the quarter. Fiera Capital Corp’s holdings in Ceridian HCM were worth $3,855,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CDAY. American International Group Inc. raised its stake in Ceridian HCM by 48.7% during the 4th quarter. American International Group Inc. now owns 849 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Ceridian HCM during the 4th quarter worth $33,000. Public Employees Retirement Association of Colorado raised its stake in Ceridian HCM by 47.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock worth $44,000 after buying an additional 409 shares during the period. Deutsche Bank AG raised its stake in Ceridian HCM by 23.8% during the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after buying an additional 274 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in Ceridian HCM during the 4th quarter worth $66,000. 79.63% of the stock is currently owned by institutional investors and hedge funds.
CDAY opened at $50.12 on Thursday. Ceridian HCM Holding Inc has a 1 year low of $31.39 and a 1 year high of $53.71. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of -1,002.40 and a beta of 1.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.04.
Ceridian HCM (NYSE:CDAY) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The firm had revenue of $203.70 million during the quarter, compared to analyst estimates of $203.99 million. Ceridian HCM had a negative net margin of 5.13% and a positive return on equity of 0.89%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. On average, analysts expect that Ceridian HCM Holding Inc will post 0.47 EPS for the current fiscal year.
Several research firms have issued reports on CDAY. Zacks Investment Research raised Ceridian HCM from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, March 15th. Mitsubishi UFJ Financial Group lifted their price target on Ceridian HCM from $40.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Needham & Company LLC lifted their price target on Ceridian HCM to $60.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. KeyCorp began coverage on Ceridian HCM in a research note on Tuesday, April 16th. They issued a “sector weight” rating on the stock. Finally, Piper Jaffray Companies lifted their price target on Ceridian HCM from $50.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.91.
In related news, Director Cannae Holdings, Inc. sold 2,000,000 shares of Ceridian HCM stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $50.25, for a total value of $100,500,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas H. Lee Advisors, Llc sold 13,000,000 shares of Ceridian HCM stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $48.99, for a total value of $636,870,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,319,892 shares of company stock worth $802,207,152. 26.90% of the stock is owned by company insiders.
Ceridian HCM Company Profile
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States 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 platform, which offers scalable and straightforward payroll and HR solutions.
Further Reading: Earnings Per Share
Want to see what other hedge funds are holding CDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ceridian HCM Holding Inc (NYSE:CDAY).
Receive News & Ratings for Ceridian HCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceridian HCM and related companies with MarketBeat.com's FREE daily email newsletter.