Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,398 shares of the company’s stock after purchasing an additional 1,402 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ceridian HCM were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Blueshift Asset Management LLC increased its stake in Ceridian HCM by 2.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 7,583 shares of the company’s stock valued at $515,000 after purchasing an additional 162 shares in the last quarter. CWM LLC boosted its holdings in shares of Ceridian HCM by 5.4% in the 3rd quarter. CWM LLC now owns 3,268 shares of the company’s stock valued at $222,000 after acquiring an additional 167 shares during the last quarter. Wahed Invest LLC boosted its holdings in shares of Ceridian HCM by 8.3% in the 3rd quarter. Wahed Invest LLC now owns 2,328 shares of the company’s stock valued at $158,000 after acquiring an additional 178 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Ceridian HCM by 0.8% in the 3rd quarter. Xponance Inc. now owns 22,588 shares of the company’s stock valued at $1,533,000 after acquiring an additional 189 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Ceridian HCM by 10.7% in the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after acquiring an additional 216 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus initiated coverage on shares of Ceridian HCM in a report on Wednesday, January 10th. They set a “buy” rating and a $75.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Ceridian HCM has an average rating of “Moderate Buy” and an average price target of $76.38.

Ceridian HCM Price Performance

Shares of NYSE CDAY opened at $60.95 on Friday. The firm has a 50-day simple moving average of $67.25 and a 200-day simple moving average of $67.68. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 2,031.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 Holding Inc. has a 52 week low of $55.62 and a 52 week high of $79.66.

About Ceridian HCM

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.