Chevy Chase Trust Holdings LLC Sells 5,118 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Chevy Chase Trust Holdings LLC decreased its position in Ceridian HCM Holding Inc. (NYSE:CDAY – Get Rating) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,340 shares of the company’s stock after selling 5,118 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Ceridian HCM worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Capital International Investors bought a new position in Ceridian HCM in the first quarter worth $366,250,000. Vanguard Group Inc. increased its holdings in shares of Ceridian HCM by 4.1% during the third quarter. Vanguard Group Inc. now owns 16,591,001 shares of the company’s stock valued at $927,105,000 after acquiring an additional 658,046 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Ceridian HCM by 377.0% during the first quarter. Renaissance Technologies LLC now owns 822,000 shares of the company’s stock valued at $56,204,000 after acquiring an additional 649,656 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Ceridian HCM by 634.7% during the third quarter. Marshall Wace LLP now owns 381,802 shares of the company’s stock valued at $21,336,000 after acquiring an additional 329,833 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Ceridian HCM by 2,409.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 324,260 shares of the company’s stock valued at $20,801,000 after acquiring an additional 311,341 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CDAY shares. BMO Capital Markets raised their price target on Ceridian HCM from $73.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Robert W. Baird raised their price target on Ceridian HCM from $78.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Wells Fargo & Company reduced their price target on Ceridian HCM from $75.00 to $65.00 in a report on Thursday, May 4th. Deutsche Bank Aktiengesellschaft raised their price target on Ceridian HCM from $82.00 to $90.00 in a report on Thursday, February 9th. Finally, Mizuho increased their price objective on Ceridian HCM from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.27.

Insiders Place Their Bets

In other Ceridian HCM news, EVP William Everett Mcdonald sold 709 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $57.82, for a total value of $40,994.38. Following the transaction, the executive vice president now directly owns 53,626 shares of the company’s stock, valued at $3,100,655.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey Scott Jacobs sold 1,055 shares of Ceridian HCM stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $72.44, for a total transaction of $76,424.20. Following the sale, the insider now owns 9,353 shares of the company’s stock, valued at approximately $677,531.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Everett Mcdonald sold 709 shares of Ceridian HCM stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $57.82, for a total value of $40,994.38. Following the sale, the executive vice president now directly owns 53,626 shares in the company, valued at approximately $3,100,655.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,896 shares of company stock valued at $2,616,959. Insiders own 4.50% of the company’s stock.

Ceridian HCM Trading Down 0.1 %

Shares of NYSE:CDAY opened at $61.55 on Monday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of -256.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50-day simple moving average is $65.80 and its two-hundred day simple moving average is $67.40. Ceridian HCM Holding Inc. has a 52-week low of $43.23 and a 52-week high of $79.66.

Ceridian HCM Profile

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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.