Teachers Retirement System of The State of Kentucky trimmed its holdings in Ceridian HCM Holding Inc. (NYSE:CDAY) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the company’s stock after selling 2,600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ceridian HCM were worth $1,847,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CDAY. Metropolitan Life Insurance Co NY grew its position in Ceridian HCM by 35.4% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the company’s stock valued at $187,000 after buying an additional 955 shares during the last quarter. First Trust Advisors LP purchased a new position in Ceridian HCM in the 1st quarter valued at $6,042,000. PNC Financial Services Group Inc. boosted its position in shares of Ceridian HCM by 14.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,794 shares of the company’s stock worth $365,000 after purchasing an additional 491 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Ceridian HCM by 13.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,750 shares of the company’s stock worth $2,374,000 after purchasing an additional 2,974 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Ceridian HCM by 1,116.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 377 shares of the company’s stock worth $36,000 after purchasing an additional 346 shares in the last quarter.
Shares of CDAY stock opened at $82.83 on Friday. The stock’s 50 day simple moving average is $105.72 and its 200 day simple moving average is $108.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 1.07. Ceridian HCM Holding Inc. has a twelve month low of $78.20 and a twelve month high of $130.37.
Several brokerages recently weighed in on CDAY. Piper Sandler cut their target price on shares of Ceridian HCM from $114.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. Cowen upped their price target on Ceridian HCM from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 18th. Wells Fargo & Company cut Ceridian HCM from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $135.00 to $100.00 in a report on Thursday, January 6th. Deutsche Bank Aktiengesellschaft began coverage on Ceridian HCM in a research note on Monday, November 1st. They set a “buy” rating and a $150.00 target price for the company. Finally, Barclays dropped their price target on Ceridian HCM from $115.00 to $92.00 and set an “underweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $115.58.
In related news, EVP William Everett Mcdonald sold 8,750 shares of Ceridian HCM stock in a transaction on Friday, November 5th. The stock was sold at an average price of $122.22, for a total transaction of $1,069,425.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Hagerty sold 20,978 shares of the business’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $124.24, for a total value of $2,606,306.72. The disclosure for this sale can be found here. Insiders have sold a total of 542,728 shares of company stock valued at $57,800,612 in the last 90 days. 4.00% of the stock is owned by corporate insiders.
Ceridian HCM Company Profile
Ceridian HCM Holding, Inc engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.
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