Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ceridian HCM Holding Inc. (NYSE:CDAY) by 72.9% during the fourth quarter, HoldingsChannel reports. The fund owned 38,010 shares of the company’s stock after buying an additional 16,023 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ceridian HCM were worth $2,551,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CDAY. Desjardins Global Asset Management Inc. lifted its position in Ceridian HCM by 68.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after buying an additional 294 shares during the last quarter. Strs Ohio boosted its position in shares of Ceridian HCM by 2.5% during the 4th quarter. Strs Ohio now owns 13,454 shares of the company’s stock worth $903,000 after purchasing an additional 324 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of Ceridian HCM during the 4th quarter worth approximately $387,000. Louisiana State Employees Retirement System acquired a new stake in Ceridian HCM in the 4th quarter valued at approximately $631,000. Finally, Simplicity Solutions LLC lifted its stake in Ceridian HCM by 9.2% during the fourth quarter. Simplicity Solutions LLC now owns 4,249 shares of the company’s stock worth $285,000 after purchasing an additional 357 shares in the last quarter.

Ceridian HCM Price Performance

Shares of NYSE CDAY opened at $59.28 on Wednesday. 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 company has a market cap of $9.26 billion, a price-to-earnings ratio of 1,976.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average is $66.55 and its two-hundred day moving average is $67.46. Ceridian HCM Holding Inc. has a 1-year low of $55.62 and a 1-year high of $79.66.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CDAY. Robert W. Baird reaffirmed an “outperform” rating and issued a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Stifel Nicolaus initiated coverage on Ceridian HCM in a report on Wednesday, January 10th. They set a “buy” rating and a $75.00 target price for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.38.

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.