Pacer Advisors Inc. Trims Stake in Ceridian HCM Holding Inc. (NYSE:CDAY)

Pacer Advisors Inc. lessened its position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,589 shares of the company's stock after selling 95,796 shares during the period. Pacer Advisors Inc.'s holdings in Ceridian HCM were worth $979,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC grew its holdings in shares of Ceridian HCM by 2.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 7,583 shares of the company's stock valued at $515,000 after acquiring an additional 162 shares in the last quarter. 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 acquiring an additional 167 shares in the last quarter. Wahed Invest LLC grew its holdings in shares of Ceridian HCM by 8.3% in the 3rd quarter. Wahed Invest LLC now owns 2,328 shares of the company's stock valued at $158,000 after acquiring an additional 178 shares in the last quarter. Xponance Inc. lifted its stake in Ceridian HCM by 0.8% in the 3rd quarter. Xponance Inc. now owns 22,588 shares of the company's stock valued at $1,533,000 after purchasing an additional 189 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in 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 during the last quarter.

Analysts Set New Price Targets

CDAY has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Ceridian HCM in a research note on Wednesday, January 10th. They issued a "buy" rating and a $75.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $82.00 target price on shares of Ceridian HCM in a research note on Tuesday, December 5th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $86.00 target price on shares of Ceridian HCM in a research note on Friday, January 19th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $76.38.

Ceridian HCM Stock Performance

CDAY stock traded down $0.13 during mid-day trading on Wednesday, hitting $64.55. 986,361 shares of the company were exchanged, compared to its average volume of 1,312,424. The business has a 50 day simple moving average of $68.93 and a 200-day simple moving average of $68.13. 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 stock has a market capitalization of $10.08 billion, a PE ratio of 2,151.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a 1-year low of $55.62 and a 1-year high of $79.66.

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.