Federated Hermes Inc. Sells 89,679 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Federated Hermes Inc. decreased its stake in Ceridian HCM Holding Inc. (NYSE:CDAY - Free Report) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,790 shares of the company's stock after selling 89,679 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of Ceridian HCM worth $12,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CDAY. Itau Unibanco Holding S.A. purchased a new position in shares of Ceridian HCM in the third quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Ceridian HCM during the 3rd quarter valued at approximately $44,000. Desjardins Global Asset Management Inc. raised its stake in Ceridian HCM by 68.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company's stock valued at $49,000 after acquiring an additional 294 shares during the last quarter. Sentry Investment Management LLC raised its stake in Ceridian HCM by 40.5% during the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company's stock valued at $61,000 after acquiring an additional 257 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Ceridian HCM by 10.7% during the 3rd 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 last quarter.

Wall Street Analysts Forecast Growth

CDAY has been the subject of several analyst reports. Robert W. Baird reaffirmed an "outperform" rating and set a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Stifel Nicolaus started coverage on Ceridian HCM in a report on Wednesday, January 10th. They issued a "buy" rating and a $75.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ceridian HCM currently has an average rating of "Moderate Buy" and a consensus price target of $76.38.

Ceridian HCM Stock Up 0.6 %

NYSE:CDAY traded up $0.33 during mid-day trading on Wednesday, hitting $59.28. The company had a trading volume of 1,394,743 shares, compared to its average volume of 1,312,424. Ceridian HCM Holding Inc. has a 1 year low of $55.62 and a 1 year high of $79.66. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 1,976.00, a PEG ratio of 2.12 and a beta of 1.38. 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 business has a fifty day simple moving average of $66.55 and a 200-day simple moving average of $67.46.

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. 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.