Van ECK Associates Corp Buys 3,399 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Van ECK Associates Corp increased its stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 17.8% during the 4th quarter, Holdings Channel reports. The firm owned 22,469 shares of the company’s stock after purchasing an additional 3,399 shares during the quarter. Van ECK Associates Corp’s holdings in Ceridian HCM were worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CDAY. Itau Unibanco Holding S.A. bought a new position in Ceridian HCM during the third quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ceridian HCM during the third quarter valued at approximately $44,000. Desjardins Global Asset Management Inc. boosted its stake in shares of Ceridian HCM by 68.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after purchasing an additional 294 shares during the period. Sentry Investment Management LLC boosted its stake 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 during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of Ceridian HCM during the fourth quarter valued at approximately $81,000.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reissued an “outperform” rating and set a $86.00 price objective on shares of Ceridian HCM in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ceridian HCM presently has an average rating of “Moderate Buy” and a consensus target price of $76.80.

Ceridian HCM Stock Down 0.4 %

NYSE:CDAY opened at $58.96 on Friday. The firm has a 50-day simple moving average of $63.57 and a two-hundred day simple moving average of $66.40. Ceridian HCM Holding Inc. has a fifty-two week low of $55.62 and a fifty-two week 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. The firm has a market cap of $9.21 billion, a P/E ratio of 1,965.33, a P/E/G ratio of 2.12 and a beta of 1.38.

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.