Duality Advisers LP Has $412,000 Stock Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Duality Advisers LP trimmed its holdings in Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) by 74.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,377 shares of the company’s stock after selling 21,916 shares during the quarter. Duality Advisers LP’s holdings in Ceridian HCM were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Ceridian HCM by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 15,174,664 shares of the company’s stock worth $1,037,341,000 after buying an additional 115,168 shares during the period. Capital International Investors acquired a new position in Ceridian HCM during the 1st quarter worth approximately $366,250,000. Echo Street Capital Management LLC raised its stake in Ceridian HCM by 1.4% during the 2nd quarter. Echo Street Capital Management LLC now owns 1,681,867 shares of the company’s stock worth $79,182,000 after buying an additional 23,929 shares during the period. Northern Trust Corp raised its stake in Ceridian HCM by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,295,417 shares of the company’s stock worth $60,989,000 after buying an additional 17,648 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Ceridian HCM by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 956,472 shares of the company’s stock worth $65,385,000 after buying an additional 36,722 shares during the period.

Insider Activity at Ceridian HCM

In related news, CEO Leagh Erin Turner sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $61.52, for a total value of $399,880.00. Following the transaction, the chief executive officer now owns 176,643 shares in the company, valued at $10,867,077.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

Ceridian HCM Stock Performance

CDAY stock opened at $73.03 on Wednesday. The firm has a market cap of $11.09 billion, a PE ratio of -143.20 and a beta of 1.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $65.46 and a 200-day moving average of $61.62. Ceridian HCM Holding Inc. has a 12-month low of $43.23 and a 12-month high of $81.07.

Ceridian HCM (NYSE:CDAYGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Ceridian HCM had a negative return on equity of 2.39% and a negative net margin of 6.52%. The company had revenue of $315.60 million during the quarter, compared to analyst estimates of $305.37 million. As a group, sell-side analysts expect that Ceridian HCM Holding Inc. will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays dropped their price target on Ceridian HCM from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 10th. Cowen upped their price target on Ceridian HCM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, November 14th. JPMorgan Chase & Co. decreased their price objective on Ceridian HCM from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. Cowen boosted their price objective on Ceridian HCM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, November 14th. Finally, Moffett Nathanson assumed coverage on Ceridian HCM in a report on Monday, January 9th. They set a “market perform” rating and a $68.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.07.

Ceridian HCM Company Profile

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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 (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.

See Also

Institutional Ownership by Quarter for Ceridian HCM (NYSE:CDAY)

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