Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,469 shares of the company’s stock after purchasing an additional 3,399 shares during the period. Van ECK Associates Corp’s holdings in Ceridian HCM were worth $1,508,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ceridian HCM by 72.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,010 shares of the company’s stock worth $2,551,000 after acquiring an additional 16,023 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Ceridian HCM during the 3rd quarter worth about $11,677,000. abrdn plc lifted its holdings in shares of Ceridian HCM by 72.5% during the 4th quarter. abrdn plc now owns 61,985 shares of the company’s stock worth $4,160,000 after acquiring an additional 26,047 shares during the period. Mariner LLC lifted its holdings in shares of Ceridian HCM by 19.8% during the 3rd quarter. Mariner LLC now owns 151,463 shares of the company’s stock worth $10,277,000 after acquiring an additional 25,003 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of Ceridian HCM by 1.2% during the 4th quarter. State of Michigan Retirement System now owns 42,710 shares of the company’s stock worth $2,867,000 after acquiring an additional 500 shares during the period.

Ceridian HCM Stock Down 0.4 %

Shares of NYSE:CDAY opened at $58.96 on Friday. 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 company has a market cap of $9.21 billion, a PE ratio of 1,965.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a 52 week low of $55.62 and a 52 week high of $79.66. The firm has a 50 day simple moving average of $63.57 and a 200 day simple moving average of $66.40.

Analyst Upgrades and Downgrades

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

Ceridian HCM 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.