Handelsbanken Fonder AB Buys 4,400 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Handelsbanken Fonder AB raised its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 19.8% in the 4th quarter, Holdings Channel reports. The firm owned 26,600 shares of the company’s stock after acquiring an additional 4,400 shares during the period. Handelsbanken Fonder AB’s holdings in Ceridian HCM were worth $1,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in shares of Ceridian HCM by 5.4% during the 3rd quarter. CWM LLC now owns 3,268 shares of the company’s stock valued at $222,000 after buying an additional 167 shares in the last quarter. Czech National Bank raised its position in shares of Ceridian HCM by 48.2% during the 3rd quarter. Czech National Bank now owns 27,197 shares of the company’s stock valued at $1,845,000 after buying an additional 8,845 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Ceridian HCM by 4.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 60,615 shares of the company’s stock valued at $4,113,000 after buying an additional 2,790 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Ceridian HCM by 17.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,131 shares of the company’s stock valued at $2,655,000 after buying an additional 5,700 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Ceridian HCM by 22.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 54,047 shares of the company’s stock valued at $3,667,000 after buying an additional 9,766 shares in the last quarter.

Wall Street Analyst Weigh In

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

Ceridian HCM Stock Performance

Shares of NYSE:CDAY opened at $60.98 on Friday. The firm has a market cap of $9.52 billion, a PE ratio of 2,032.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm’s 50 day simple moving average is $65.80 and its 200-day simple moving average is $67.26. Ceridian HCM Holding Inc. has a one year low of $55.62 and a one year high of $79.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.09.

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.