TCW Group Inc. lifted its holdings in Ceridian HCM Holding Inc (NYSE:CDAY) by 24.2% in the third quarter, HoldingsChannel reports. The firm owned 493,984 shares of the company’s stock after buying an additional 96,125 shares during the period. TCW Group Inc.’s holdings in Ceridian HCM were worth $20,762,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CDAY. Lee Thomas H Partners LP acquired a new stake in shares of Ceridian HCM in the 2nd quarter worth $2,306,874,000. Whale Rock Capital Management LLC acquired a new stake in shares of Ceridian HCM in the 2nd quarter worth $48,340,000. Fidelity National Financial Inc. acquired a new stake in shares of Ceridian HCM in the 2nd quarter worth $33,190,000. BlackRock Inc. acquired a new stake in shares of Ceridian HCM in the 2nd quarter worth $28,814,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ceridian HCM in the 2nd quarter worth $27,807,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. Canaccord Genuity reissued a “hold” rating and issued a $36.00 price objective on shares of Ceridian HCM in a research report on Friday, August 10th. Barclays raised their target price on Ceridian HCM from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Guggenheim assumed coverage on Ceridian HCM in a research note on Monday, August 20th. They issued a “buy” rating and a $45.00 target price for the company. Citigroup reduced their target price on Ceridian HCM from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. Finally, William Blair upgraded Ceridian HCM from a “market perform” rating to an “outperform” rating in a research note on Friday, August 10th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.86.
Shares of CDAY stock opened at $36.47 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.44. Ceridian HCM Holding Inc has a 1 year low of $28.65 and a 1 year high of $44.98.
Ceridian HCM (NYSE:CDAY) last issued its earnings results on Monday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $176.29 million. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Ceridian HCM Holding Inc will post -0.24 EPS for the current year.
About Ceridian HCM
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company worldwide. The company offers Dayforce, a cloud HCM platform that address various areas of HCM, including human resources (HR), payroll, benefits, workforce management, and talent management functionality. It also provides Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions; Bureau solutions for payroll and payroll-related services; and LifeWorks, an employee engagement platform that delivers employee assistance programs, social recognition, perks and discounts, a private social network, employee and corporate wellness programs, and employee engagement analytics.
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