Jump Financial LLC bought a new stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,311 shares of the company's stock, valued at approximately $1,430,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Qsemble Capital Management LP purchased a new stake in Ceridian HCM in the fourth quarter worth $529,000. Versor Investments LP purchased a new stake in Ceridian HCM in the 4th quarter valued at about $1,305,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ceridian HCM by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,539 shares of the company's stock valued at $89,708,000 after acquiring an additional 38,691 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Ceridian HCM by 58.1% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,398 shares of the company's stock worth $94,000 after purchasing an additional 514 shares during the period. Finally, Natixis Advisors L.P. raised its position in Ceridian HCM by 27.3% during the 4th quarter. Natixis Advisors L.P. now owns 21,914 shares of the company's stock valued at $1,470,000 after purchasing an additional 4,702 shares in the last quarter.
Wall Street Analyst Weigh In
Separately, Robert W. Baird reiterated an "outperform" rating and set a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Ceridian HCM presently has an average rating of "Moderate Buy" and a consensus price target of $76.80.
Read Our Latest Research Report on CDAY
Ceridian HCM Stock Performance
Shares of NYSE:CDAY traded up $0.50 during midday trading on Thursday, reaching $62.60. The company's stock had a trading volume of 1,904,560 shares, compared to its average volume of 1,312,424. The firm has a market capitalization of $9.77 billion, a PE ratio of 2,070.00, a P/E/G ratio of 2.12 and a beta of 1.38. The stock has a fifty day moving average of $63.10 and a 200 day moving average of $66.25. Ceridian HCM Holding Inc. has a twelve month low of $55.62 and a twelve month high of $79.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.
Ceridian HCM Profile
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Free Report)
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.
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