Brant Point Investment Management LLC bought a new position in Ceridian HCM Holding Inc (NYSE:CDAY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 34,946 shares of the company’s stock, valued at approximately $1,469,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allianz Asset Management GmbH acquired a new position in shares of Ceridian HCM in the third quarter worth $6,592,000. Eaton Vance Management grew its stake in shares of Ceridian HCM by 56.1% in the third quarter. Eaton Vance Management now owns 140,126 shares of the company’s stock worth $5,889,000 after acquiring an additional 50,349 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Ceridian HCM by 60.9% in the third quarter. Franklin Resources Inc. now owns 291,400 shares of the company’s stock worth $12,248,000 after acquiring an additional 110,300 shares in the last quarter. Parkwood LLC acquired a new position in shares of Ceridian HCM in the third quarter worth $1,122,000. Finally, BlackRock Inc. grew its stake in shares of Ceridian HCM by 2.3% in the third quarter. BlackRock Inc. now owns 887,948 shares of the company’s stock worth $37,322,000 after acquiring an additional 19,811 shares in the last quarter. 70.02% of the stock is currently owned by institutional investors.
In related news, EVP Ozzie J. Goldschmied sold 225,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $40.00, for a total value of $9,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Arthur Gitajn sold 135,755 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $36.18, for a total transaction of $4,911,615.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,953,737 shares of company stock valued at $174,328,418.
Several equities analysts have commented on CDAY shares. Zacks Investment Research upgraded shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Monday, October 15th. Guggenheim initiated coverage on shares of Ceridian HCM in a research note on Monday, August 20th. They set a “buy” rating and a $45.00 target price for the company. Barclays boosted their target price on shares of Ceridian HCM from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, September 7th. Canaccord Genuity reiterated a “hold” rating and set a $36.00 target price on shares of Ceridian HCM in a research note on Monday, October 29th. Finally, Deutsche Bank boosted their target price on shares of Ceridian HCM from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, October 9th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $39.86.
Shares of CDAY stock opened at $40.12 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.03 and a quick ratio of 1.03. Ceridian HCM Holding Inc has a 12 month low of $28.65 and a 12 month high of $44.98.
Ceridian HCM (NYSE:CDAY) last announced its quarterly earnings results on Monday, October 29th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Ceridian HCM had a negative net margin of 2.25% and a positive return on equity of 2.64%. The firm had revenue of $179.60 million during the quarter, compared to analysts’ expectations of $176.29 million. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Ceridian HCM Holding Inc will post -0.09 EPS for the current year.
About Ceridian HCM
Ceridian HCM Holding, Inc engages in the provision of human capital management services. It operates through Human Capital Management (HCM), and LifeWorks segments. The Human Capital Management segment includes cloud solutions, dayforce and powerplay, as well as bureau HCM solutions. The LifeWorks segment reflects the results of LifeWorks joint venture.
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