Moore Capital Management LP Takes $4.89 Million Position in Ceridian HCM Holding Inc. (NYSE:CDAY)

Moore Capital Management LP purchased a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 87,500 shares of the company’s stock, valued at approximately $4,890,000. Moore Capital Management LP owned approximately 0.06% of Ceridian HCM at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CDAY. Advisor Group Holdings Inc. raised its position in shares of Ceridian HCM by 137.2% in the first quarter. Advisor Group Holdings Inc. now owns 5,962 shares of the company’s stock valued at $406,000 after buying an additional 3,448 shares in the last quarter. Raymond James & Associates increased its stake in Ceridian HCM by 149.1% in the first quarter. Raymond James & Associates now owns 4,933 shares of the company’s stock valued at $337,000 after acquiring an additional 2,953 shares during the last quarter. US Bancorp DE increased its stake in Ceridian HCM by 133.5% in the first quarter. US Bancorp DE now owns 1,880 shares of the company’s stock valued at $128,000 after acquiring an additional 1,075 shares during the last quarter. Private Advisor Group LLC increased its stake in Ceridian HCM by 38.8% in the first quarter. Private Advisor Group LLC now owns 3,155 shares of the company’s stock valued at $216,000 after acquiring an additional 882 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $353,000 after acquiring an additional 4,154 shares during the last quarter.

Insider Activity at Ceridian HCM

In related news, COO Christopher R. Armstrong sold 3,902 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $77.50, for a total value of $302,405.00. Following the transaction, the chief operating officer now owns 96,575 shares in the company, valued at $7,484,562.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Leagh Erin Turner sold 6,500 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $61.52, for a total transaction of $399,880.00. Following the transaction, the chief executive officer now owns 176,643 shares in the company, valued at $10,867,077.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher R. Armstrong sold 3,902 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $77.50, for a total transaction of $302,405.00. Following the transaction, the chief operating officer now owns 96,575 shares in the company, valued at approximately $7,484,562.50. The disclosure for this sale can be found here. Insiders have sold a total of 37,299 shares of company stock worth $2,667,532 over the last quarter. Company insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CDAY shares. Mizuho lifted their price objective on shares of Ceridian HCM from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. Credit Suisse Group boosted their target price on shares of Ceridian HCM from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Robert W. Baird boosted their target price on shares of Ceridian HCM from $78.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. TheStreet raised shares of Ceridian HCM from a “d+” rating to a “c-” rating in a research note on Friday, February 10th. Finally, Cowen boosted their target price on shares of Ceridian HCM from $77.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ceridian HCM presently has an average rating of “Moderate Buy” and a consensus price target of $79.64.

Ceridian HCM Stock Performance

Shares of Ceridian HCM stock opened at $70.68 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Ceridian HCM Holding Inc. has a twelve month low of $43.23 and a twelve month high of $79.66. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of -147.25 and a beta of 1.45. The company’s fifty day moving average is $71.24 and its 200 day moving average is $65.08.

Ceridian HCM Company Profile

(Get Rating)

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.