Ceridian HCM Holding Inc. (NYSE:CDAY) Stock Position Reduced by Xponance Inc.

Xponance Inc. decreased its stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,643 shares of the company’s stock after selling 1,945 shares during the quarter. Xponance Inc.’s holdings in Ceridian HCM were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Ceridian HCM in the third quarter worth $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Ceridian HCM during the third quarter valued at $44,000. Desjardins Global Asset Management Inc. grew its stake 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 purchasing an additional 294 shares in the last quarter. Sentry Investment Management LLC increased its position in Ceridian HCM by 40.5% in the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock worth $61,000 after purchasing an additional 257 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Ceridian HCM by 10.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $152,000 after purchasing an additional 216 shares in the last quarter.

Ceridian HCM Stock Up 0.7 %

Ceridian HCM stock opened at $59.70 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.09. Ceridian HCM Holding Inc. has a fifty-two week low of $55.62 and a fifty-two week high of $79.66. The firm has a fifty day moving average price of $66.55 and a two-hundred day moving average price of $67.46. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 1,990.00, a P/E/G ratio of 2.12 and a beta of 1.38.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CDAY shares. Robert W. Baird reissued an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a research note on Friday, January 19th. Stifel Nicolaus started coverage on shares of Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.38.

Ceridian HCM 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.