Canada Pension Plan Investment Board Acquires 12,700 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Posted by Defense World Staff on Mar 1st, 2023

Canada Pension Plan Investment Board boosted its stake in Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) by 251.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,747 shares of the company’s stock after purchasing an additional 12,700 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ceridian HCM were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of Ceridian HCM in the 1st quarter worth approximately $41,000. Quadrant Capital Group LLC grew its holdings in Ceridian HCM by 114.8% during the second quarter. Quadrant Capital Group LLC now owns 844 shares of the company’s stock valued at $40,000 after purchasing an additional 451 shares during the period. Allworth Financial LP boosted its stake in shares of Ceridian HCM by 258.2% in the third quarter. Allworth Financial LP now owns 978 shares of the company’s stock worth $55,000 after acquiring an additional 705 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Ceridian HCM in the third quarter worth about $81,000. Finally, Wahed Invest LLC purchased a new stake in Ceridian HCM during the second quarter valued at approximately $69,000.

Analyst Ratings Changes

CDAY has been the subject of a number of recent analyst reports. Barclays raised their price objective 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. Cowen boosted their target price on Ceridian HCM from $77.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. TheStreet upgraded shares of Ceridian HCM from a “d+” rating to a “c-” rating in a research note on Friday, February 10th. BMO Capital Markets increased their target price on shares of Ceridian HCM from $73.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Ceridian HCM from $82.00 to $90.00 in a research report on Thursday, February 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Ceridian HCM has a consensus rating of “Moderate Buy” and a consensus target price of $79.64.

Ceridian HCM Stock Up 0.1 %

Shares of NYSE:CDAY opened at $72.93 on Wednesday. The company has a market capitalization of $11.08 billion, a PE ratio of -151.93 and a beta of 1.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.07. The business has a fifty day moving average price of $69.74 and a two-hundred day moving average price of $64.79. Ceridian HCM Holding Inc. has a 1 year low of $43.23 and a 1 year high of $79.66.

Insiders Place Their Bets

In related news, CEO Leagh Erin Turner sold 6,500 shares of the firm’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $61.52, for a total transaction of $399,880.00. Following the transaction, the chief executive officer now directly owns 176,643 shares of the company’s stock, valued at approximately $10,867,077.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Leagh Erin Turner sold 6,500 shares of Ceridian HCM stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 176,643 shares in the company, valued at approximately $10,867,077.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rakesh Subramanian sold 3,692 shares of Ceridian HCM stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $72.44, for a total value of $267,448.48. Following the completion of the sale, the executive vice president now owns 59,444 shares in the company, valued at $4,306,123.36. The disclosure for this sale can be found here. Insiders sold a total of 37,731 shares of company stock worth $2,621,468 in the last quarter. 3.90% of the stock is owned by company insiders.

About Ceridian HCM

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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.