State of Alaska Department of Revenue grew its holdings in shares of Ceridian HCM Holding Inc (NYSE:CDAY) by 50.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,610 shares of the company’s stock after purchasing an additional 2,211 shares during the period. State of Alaska Department of Revenue’s holdings in Ceridian HCM were worth $331,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bessemer Group Inc. grew its position in shares of Ceridian HCM by 2.2% during the second quarter. Bessemer Group Inc. now owns 20,569 shares of the company’s stock worth $1,032,000 after buying an additional 435 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Ceridian HCM during the second quarter worth about $366,000. First Trust Advisors LP acquired a new position in shares of Ceridian HCM during the first quarter worth about $6,042,000. Metropolitan Life Insurance Co NY grew its position in shares of Ceridian HCM by 35.4% during the first quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the company’s stock worth $187,000 after buying an additional 955 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Ceridian HCM during the first quarter worth about $5,366,000. Institutional investors own 79.64% of the company’s stock.

CDAY traded up $1.55 on Friday, reaching $52.98. The company’s stock had a trading volume of 603,243 shares, compared to its average volume of 610,813. The business has a 50 day simple moving average of $50.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.46 billion, a P/E ratio of -1,059.60 and a beta of 1.59. Ceridian HCM Holding Inc has a fifty-two week low of $31.39 and a fifty-two week high of $53.88.

Ceridian HCM (NYSE:CDAY) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). Ceridian HCM had a negative net margin of 5.13% and a positive return on equity of 0.89%. The business had revenue of $203.70 million during the quarter, compared to analyst estimates of $203.99 million. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts forecast that Ceridian HCM Holding Inc will post 0.46 EPS for the current year.

In other Ceridian HCM news, EVP Lisa M. Sterling sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $49.30, for a total value of $308,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cannae Holdings, Inc. sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $50.25, for a total value of $100,500,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,092,750 shares of company stock valued at $105,211,840. 26.90% of the stock is owned by company insiders.

A number of equities analysts recently issued reports on CDAY shares. Zacks Investment Research raised HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Needham & Company LLC upped their price target on Ceridian HCM to $60.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Mitsubishi UFJ Financial Group upped their price target on Ceridian HCM from $40.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Piper Jaffray Companies upped their price target on Shopify from $149.00 to $216.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Finally, KeyCorp started coverage on Pinduoduo in a report on Tuesday, April 16th. They issued an “overweight” rating and a $32.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Ceridian HCM presently has a consensus rating of “Hold” and a consensus price target of $46.91.

About Ceridian HCM

Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.

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

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