Raymond James Financial Services Advisors Inc. Grows Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,398 shares of the company’s stock after buying an additional 1,402 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ceridian HCM were worth $564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new position in shares of Ceridian HCM during the 3rd quarter valued at approximately $11,677,000. Mariner LLC boosted its stake in shares of Ceridian HCM by 19.8% during the 3rd quarter. Mariner LLC now owns 151,463 shares of the company’s stock valued at $10,277,000 after buying an additional 25,003 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Ceridian HCM by 8.4% during the 4th quarter. Nordea Investment Management AB now owns 10,252 shares of the company’s stock valued at $689,000 after buying an additional 796 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Ceridian HCM by 7.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,226,077 shares of the company’s stock valued at $83,189,000 after buying an additional 84,321 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Ceridian HCM by 19.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 154,700 shares of the company’s stock valued at $10,496,000 after buying an additional 25,200 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CDAY shares. Stifel Nicolaus started coverage on Ceridian HCM in a research note on Wednesday, January 10th. They set a “buy” rating and a $75.00 price objective on the stock. Robert W. Baird restated an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ceridian HCM currently has a consensus 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. Ceridian HCM Holding Inc. has a 1-year low of $55.62 and a 1-year high of $79.66. 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 business’s fifty day moving average price is $67.25 and its two-hundred day moving average price is $67.68. The firm has a market capitalization of $9.52 billion, a PE ratio of 2,031.67, a P/E/G ratio of 2.12 and a beta of 1.38.

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.