Duality Advisers LP Acquires New Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Duality Advisers LP acquired a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,688 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in Ceridian HCM in the 3rd quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC bought a new position in Ceridian HCM in the 3rd quarter valued at approximately $44,000. Desjardins Global Asset Management Inc. raised its holdings in Ceridian HCM by 68.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after buying an additional 294 shares during the last quarter. Sentry Investment Management LLC raised its holdings in 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 during the last quarter. Finally, Signaturefd LLC raised its holdings in Ceridian HCM by 10.7% in the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $152,000 after buying an additional 216 shares during the last quarter.

Wall Street Analyst Weigh In

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

Ceridian HCM Stock Performance

Shares of CDAY stock opened at $59.70 on Friday. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 1,990.00, 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 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 50 day moving average of $66.34 and a 200-day moving average of $67.40.

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.