abrdn plc Buys 26,047 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

abrdn plc raised its position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 72.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,985 shares of the company’s stock after purchasing an additional 26,047 shares during the period. abrdn plc’s holdings in Ceridian HCM were worth $4,160,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Artisan Partners Limited Partnership raised its position in Ceridian HCM by 8.9% during the third quarter. Artisan Partners Limited Partnership now owns 3,924,755 shares of the company’s stock valued at $266,295,000 after purchasing an additional 321,396 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of Ceridian HCM by 0.7% in the third quarter. Bamco Inc. NY now owns 3,534,834 shares of the company’s stock worth $239,838,000 after buying an additional 23,252 shares during the period. Northern Trust Corp increased its holdings in shares of Ceridian HCM by 1.9% in the third quarter. Northern Trust Corp now owns 1,462,775 shares of the company’s stock worth $99,249,000 after buying an additional 27,642 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Ceridian HCM by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,297,848 shares of the company’s stock worth $88,059,000 after buying an additional 21,060 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Ceridian HCM by 7.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,226,077 shares of the company’s stock worth $83,189,000 after buying an additional 84,321 shares during the period.

Ceridian HCM Stock Performance

Ceridian HCM stock opened at $60.98 on Friday. The stock’s 50 day simple moving average is $65.80 and its two-hundred day simple moving average is $67.26. 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 stock has a market cap of $9.52 billion, a price-to-earnings ratio of 2,032.67, a PEG ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a fifty-two week low of $55.62 and a fifty-two week high of $79.66.

Analyst Ratings Changes

Several research firms have recently commented on CDAY. Robert W. Baird reiterated an “outperform” rating and issued a $86.00 price objective on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus assumed coverage on Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price objective on the stock. Five 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, Ceridian HCM currently has a consensus rating of “Moderate Buy” and an average target price 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.