GAMMA Investing LLC Acquires New Stake in Ceridian HCM Holding Inc. (NYSE:CDAY)

GAMMA Investing LLC bought a new position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,168 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in Ceridian HCM by 5.5% in the 4th quarter. New York State Common Retirement Fund now owns 349,858 shares of the company’s stock valued at $23,482,000 after acquiring an additional 18,256 shares in the last quarter. Duality Advisers LP acquired a new stake in Ceridian HCM in the 4th quarter valued at $449,000. Handelsbanken Fonder AB lifted its position in Ceridian HCM by 19.8% during the 4th quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company’s stock worth $1,785,000 after buying an additional 4,400 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Ceridian HCM by 3.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,010 shares of the company’s stock worth $873,000 after buying an additional 461 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Ceridian HCM by 0.6% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 91,597 shares of the company’s stock valued at $6,148,000 after acquiring an additional 582 shares in the last quarter.

Ceridian HCM Stock Performance

Shares of NYSE:CDAY opened at $61.98 on Tuesday. The company’s 50 day moving average price is $65.58 and its two-hundred day moving average price is $67.07. Ceridian HCM Holding Inc. has a 12-month low of $55.62 and a 12-month high of $79.66. 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 cap of $9.68 billion, a PE ratio of 2,066.00, a PEG ratio of 2.12 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CDAY shares. Stifel Nicolaus started coverage on Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target for the company. Robert W. Baird reissued an “outperform” rating and issued a $86.00 target price on shares of Ceridian HCM in a research note on Friday, January 19th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.38.

About Ceridian HCM

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.