Louisiana State Employees Retirement System Acquires Shares of 9,400 Ceridian HCM Holding Inc. (NYSE:CDAY)

Louisiana State Employees Retirement System acquired a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,400 shares of the company’s stock, valued at approximately $631,000.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of Ceridian HCM during the third quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Ceridian HCM during the third quarter valued at about $44,000. Sentry Investment Management LLC lifted its position in shares of Ceridian HCM by 40.5% during the third quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after purchasing an additional 257 shares in the last quarter. Signaturefd LLC lifted its position in shares of Ceridian HCM by 10.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after purchasing an additional 216 shares in the last quarter. Finally, Wahed Invest LLC increased its position in shares of Ceridian HCM by 8.3% during the 3rd quarter. Wahed Invest LLC now owns 2,328 shares of the company’s stock valued at $158,000 after purchasing an additional 178 shares during the last quarter.

Ceridian HCM Trading Up 0.1 %

Shares of Ceridian HCM stock opened at $69.52 on Monday. Ceridian HCM Holding Inc. has a 52-week low of $55.62 and a 52-week high of $79.66. The stock’s 50-day simple moving average is $65.80 and its 200 day simple moving average is $67.15. The stock has a market capitalization of $10.85 billion, a P/E ratio of 2,317.33, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.09.

Wall Street Analysts Forecast Growth

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