Intech Investment Management LLC Invests $227,000 in Ceridian HCM Holding Inc. (NYSE:CDAY)

Posted by Defense World Staff on May 23rd, 2023

Intech Investment Management LLC purchased a new position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,531 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. lifted its holdings in Ceridian HCM by 137.2% in the first quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the company’s stock worth $406,000 after purchasing an additional 3,448 shares during the period. Raymond James & Associates lifted its holdings in Ceridian HCM by 149.1% in the first quarter. Raymond James & Associates now owns 4,933 shares of the company’s stock worth $337,000 after purchasing an additional 2,953 shares during the period. US Bancorp DE lifted its holdings in Ceridian HCM by 133.5% in the first quarter. US Bancorp DE now owns 1,880 shares of the company’s stock worth $128,000 after purchasing an additional 1,075 shares during the period. Private Advisor Group LLC lifted its holdings in Ceridian HCM by 38.8% in the first quarter. Private Advisor Group LLC now owns 3,155 shares of the company’s stock worth $216,000 after purchasing an additional 882 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Ceridian HCM by 416.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,152 shares of the company’s stock worth $353,000 after purchasing an additional 4,154 shares during the period.

Insider Activity

In other news, EVP William Everett Mcdonald sold 709 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $57.82, for a total value of $40,994.38. Following the transaction, the executive vice president now owns 53,626 shares in the company, valued at approximately $3,100,655.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Christopher R. Armstrong sold 6,871 shares of the 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 $497,735.24. Following the transaction, the chief operating officer now owns 93,333 shares in the company, valued at $6,761,042.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Everett Mcdonald sold 709 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $57.82, for a total value of $40,994.38. Following the completion of the transaction, the executive vice president now owns 53,626 shares in the company, valued at approximately $3,100,655.32. The disclosure for this sale can be found here. Insiders have sold 36,896 shares of company stock worth $2,616,959 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

CDAY has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Ceridian HCM from $60.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, February 9th. Credit Suisse Group cut their price target on shares of Ceridian HCM from $105.00 to $83.00 in a report on Thursday, May 4th. Wells Fargo & Company cut their price target on shares of Ceridian HCM from $75.00 to $65.00 in a report on Thursday, May 4th. Cowen upped their price target on shares of Ceridian HCM from $77.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Finally, Barclays cut their price target on shares of Ceridian HCM from $74.00 to $73.00 in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.27.

Ceridian HCM Price Performance

Shares of CDAY opened at $63.40 on Tuesday. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of -264.17 and a beta of 1.44. Ceridian HCM Holding Inc. has a fifty-two week low of $43.23 and a fifty-two week high of $79.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $65.70 and its 200-day moving average is $67.40.

Ceridian HCM Company 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.

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

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