Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. grew its stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 68.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 723 shares of the company’s stock after purchasing an additional 294 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Ceridian HCM were worth $49,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CDAY. Itau Unibanco Holding S.A. acquired a new position in shares of Ceridian HCM in the 3rd quarter valued at $36,000. Advisors Asset Management Inc. acquired a new position in shares of Ceridian HCM in the 1st quarter valued at $41,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Ceridian HCM in the 3rd quarter valued at $44,000. Sentry Investment Management LLC boosted its holdings in shares of Ceridian HCM by 40.5% in the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after buying an additional 257 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Ceridian HCM in the 2nd quarter valued at $67,000.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CDAY. Robert W. Baird restated an “outperform” rating and issued a $86.00 target price on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus initiated coverage on shares of Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 target price for the company. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Ceridian HCM currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.38.

Ceridian HCM Stock Down 0.6 %

CDAY stock opened at $60.95 on Friday. The company has a fifty day moving average price of $67.05 and a 200 day moving average price of $67.63. Ceridian HCM Holding Inc. has a 12 month low of $55.62 and a 12 month high of $79.66. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 2,031.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.09.

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.