Allspring Global Investments Holdings LLC Trims Stock Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Allspring Global Investments Holdings LLC trimmed its position in Ceridian HCM Holding Inc. (NYSE:CDAY) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,677 shares of the company’s stock after selling 290 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ceridian HCM were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDAY. Itau Unibanco Holding S.A. purchased a new stake in shares of Ceridian HCM in the third quarter worth $36,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ceridian HCM in the third quarter worth $44,000. Sentry Investment Management LLC grew its stake in shares of Ceridian HCM by 40.5% in the third quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock worth $61,000 after acquiring an additional 257 shares during the last quarter. Signaturefd LLC grew its stake in shares of Ceridian HCM by 10.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $152,000 after acquiring an additional 216 shares during the last quarter. Finally, Wahed Invest LLC grew its stake in shares of Ceridian HCM by 8.3% in the third quarter. Wahed Invest LLC now owns 2,328 shares of the company’s stock worth $158,000 after acquiring an additional 178 shares during the last quarter.

Ceridian HCM Stock Up 0.7 %

CDAY stock opened at $59.70 on Friday. Ceridian HCM Holding Inc. has a fifty-two week low of $55.62 and a fifty-two week high of $79.66. The business’s 50-day moving average is $66.34 and its two-hundred day moving average is $67.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.09. The company 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus started coverage on Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 target price on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $86.00 price target on shares of Ceridian HCM in a report 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 stock. According to MarketBeat, Ceridian HCM 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.