Mackenzie Financial Corp Sells 799 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Mackenzie Financial Corp cut its stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,708 shares of the company’s stock after selling 799 shares during the period. Mackenzie Financial Corp’s holdings in Ceridian HCM were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blueshift Asset Management LLC boosted its stake in shares of Ceridian HCM by 2.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 7,583 shares of the company’s stock valued at $515,000 after purchasing an additional 162 shares during the last quarter. CWM LLC boosted its position in Ceridian HCM by 5.4% during the third quarter. CWM LLC now owns 3,268 shares of the company’s stock valued at $222,000 after acquiring an additional 167 shares during the last quarter. Wahed Invest LLC grew its holdings in Ceridian HCM by 8.3% during the 3rd 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 period. Xponance Inc. raised its position in shares of Ceridian HCM by 0.8% in the 3rd quarter. Xponance Inc. now owns 22,588 shares of the company’s stock worth $1,533,000 after acquiring an additional 189 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Ceridian HCM by 10.7% in the 3rd 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CDAY shares. Stifel Nicolaus started coverage on Ceridian HCM in a research note on Wednesday, January 10th. They set a “buy” rating and a $75.00 target price for the company. Robert W. Baird reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research report on Friday, January 19th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.38.

Ceridian HCM Price Performance

Shares of NYSE:CDAY opened at $60.98 on Friday. Ceridian HCM Holding Inc. has a twelve month low of $55.62 and a twelve month high of $79.66. The stock’s 50 day moving average is $65.80 and its 200-day moving average is $67.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a market capitalization 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 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.