Ceridian HCM (NYSE:CDAY) Sets New 52-Week High – Here’s Why

Ceridian HCM Holding Inc. (NYSE:CDAY) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.12 and last traded at $80.63, with a volume of 1669197 shares changing hands. The stock had previously closed at $80.95.

Ceridian HCM Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average price is $61.78 and its 200-day moving average price is $57.06. The stock has a market cap of $12.59 billion, a P/E ratio of 2,572.00, a PEG ratio of 2.12 and a beta of 1.38.

Institutional Investors Weigh In On Ceridian HCM

An institutional investor recently raised its position in Ceridian HCM stock. Tidal Investments LLC boosted its holdings in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,597 shares of the company’s stock after purchasing an additional 869 shares during the quarter. Tidal Investments LLC’s holdings in Ceridian HCM were worth $503,000 as of its most recent SEC filing.

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.