Hsbc Holdings PLC Cuts Stock Position in Ceridian HCM Holding Inc. (NYSE:CDAY)

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC reduced its position in Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) by 22.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,573 shares of the company’s stock after selling 18,979 shares during the quarter. Hsbc Holdings PLC’s holdings in Ceridian HCM were worth $3,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ceridian HCM by 2.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 22,965 shares of the company’s stock worth $1,283,000 after purchasing an additional 582 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Ceridian HCM by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 21,268 shares of the company’s stock worth $1,188,000 after purchasing an additional 2,119 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ceridian HCM by 17.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 551,524 shares of the company’s stock valued at $30,823,000 after acquiring an additional 81,106 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Ceridian HCM by 58.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 14,706 shares of the company’s stock valued at $822,000 after acquiring an additional 5,401 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Ceridian HCM by 46.9% during the 3rd quarter. Bank of Montreal Can now owns 110,703 shares of the company’s stock valued at $6,276,000 after acquiring an additional 35,328 shares during the period.

Ceridian HCM Stock Performance

Shares of CDAY opened at $72.92 on Friday. The business’s fifty day simple moving average is $69.34 and its two-hundred day simple moving average is $64.75. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.58. Ceridian HCM Holding Inc. has a 12 month low of $43.23 and a 12 month high of $79.66. The company has a market cap of $11.08 billion, a price-to-earnings ratio of -151.92 and a beta of 1.46.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Credit Suisse Group increased their target price on Ceridian HCM from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. BMO Capital Markets increased their target price on Ceridian HCM from $73.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Cowen increased their target price on Ceridian HCM from $77.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Barclays increased their target price on Ceridian HCM from $64.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. Finally, Cowen raised their price objective on Ceridian HCM from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.64.

Insider Transactions at Ceridian HCM

In other news, COO Christopher R. Armstrong sold 3,902 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $77.50, for a total value of $302,405.00. Following the transaction, the chief operating officer now directly owns 96,575 shares in the company, valued at approximately $7,484,562.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Christopher R. Armstrong sold 3,902 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $77.50, for a total value of $302,405.00. Following the transaction, the chief operating officer now directly owns 96,575 shares in the company, valued at approximately $7,484,562.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Leagh Erin Turner sold 6,500 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $61.52, for a total value of $399,880.00. Following the completion of the transaction, the chief executive officer now owns 176,643 shares in the company, valued at $10,867,077.36. The disclosure for this sale can be found here. Insiders have sold a total of 22,902 shares of company stock worth $1,547,255 in the last ninety days. Insiders own 4.00% of the company’s stock.

Ceridian HCM Profile

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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. Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.

Institutional Ownership by Quarter for Ceridian HCM (NYSE:CDAY)

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