Federated Hermes Inc. Cuts Stock Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Federated Hermes Inc. decreased its position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 32.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 188,790 shares of the company’s stock after selling 89,679 shares during the period. Federated Hermes Inc.’s holdings in Ceridian HCM were worth $12,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CDAY. Itau Unibanco Holding S.A. bought a new position in Ceridian HCM during the third quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC bought a new position in Ceridian HCM during the third quarter valued at approximately $44,000. Desjardins Global Asset Management Inc. lifted its position in Ceridian HCM by 68.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after purchasing an additional 294 shares during the period. Sentry Investment Management LLC lifted its position in Ceridian HCM by 40.5% during the third quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after purchasing an additional 257 shares during the period. Finally, Signaturefd LLC lifted its position in Ceridian HCM by 10.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after purchasing an additional 216 shares during the period.

Ceridian HCM Stock Up 0.6 %

CDAY opened at $59.28 on Wednesday. The firm’s 50 day simple moving average is $66.55 and its two-hundred day simple moving average is $67.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $9.26 billion, a PE ratio of 1,976.00, a PEG ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a 1-year low of $55.62 and a 1-year high of $79.66.

Wall Street Analysts Forecast Growth

CDAY has been the topic of a number of research analyst reports. Robert W. Baird restated an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research report on Friday, January 19th. Stifel Nicolaus began coverage on shares of Ceridian HCM in a research report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.38.

Ceridian HCM Company Profile

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.