Teachers Retirement System of The State of Kentucky Sells 2,600 Shares of Ceridian HCM Holding Inc. (NYSE:CDAY)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,400 shares of the company’s stock after selling 2,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ceridian HCM were worth $1,847,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Ceridian HCM by 14.2% in the 2nd quarter. FMR LLC now owns 4,719,828 shares of the company’s stock valued at $452,726,000 after buying an additional 587,825 shares during the period. JPMorgan Chase & Co. boosted its stake in Ceridian HCM by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,144,082 shares of the company’s stock valued at $589,340,000 after purchasing an additional 480,135 shares during the last quarter. State Street Corp lifted its position in shares of Ceridian HCM by 8.7% during the 2nd quarter. State Street Corp now owns 4,049,447 shares of the company’s stock worth $388,423,000 after buying an additional 323,931 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Ceridian HCM by 199.6% during the 2nd quarter. Deutsche Bank AG now owns 375,803 shares of the company’s stock worth $36,049,000 after buying an additional 250,381 shares in the last quarter. Finally, Echo Street Capital Management LLC raised its holdings in shares of Ceridian HCM by 22.1% in the 2nd quarter. Echo Street Capital Management LLC now owns 1,170,128 shares of the company’s stock worth $112,239,000 after purchasing an additional 211,545 shares during the period.

In other news, COO Leagh Erin Turner sold 6,500 shares of the firm’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $119.15, for a total transaction of $774,475.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William Everett Mcdonald sold 8,750 shares of Ceridian HCM stock in a transaction on Friday, November 5th. The shares were sold at an average price of $122.22, for a total transaction of $1,069,425.00. The disclosure for this sale can be found here. Insiders have sold a total of 542,728 shares of company stock worth $57,800,612 over the last 90 days. Insiders own 4.00% of the company’s stock.

A number of research firms have recently commented on CDAY. Barclays reduced their price target on shares of Ceridian HCM from $115.00 to $92.00 and set an “underweight” rating for the company in a research report on Wednesday. DA Davidson began coverage on shares of Ceridian HCM in a research report on Wednesday, October 13th. They set a “buy” rating and a $135.00 price target for the company. Mizuho upped their price target on shares of Ceridian HCM from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Ceridian HCM in a research note on Tuesday, October 19th. Finally, Piper Sandler lowered their price objective on shares of Ceridian HCM from $114.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.58.

CDAY opened at $82.83 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. Ceridian HCM Holding Inc. has a 1-year low of $78.20 and a 1-year high of $130.37. The firm’s 50 day simple moving average is $105.72 and its two-hundred day simple moving average is $108.37.

Ceridian HCM (NYSE:CDAY) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.14. Ceridian HCM had a negative net margin of 8.62% and a negative return on equity of 1.86%. The business had revenue of $257.20 million for the quarter, compared to the consensus estimate of $253.72 million. As a group, sell-side analysts predict that Ceridian HCM Holding Inc. will post -0.35 earnings per share for the current fiscal year.

Ceridian HCM Profile

Ceridian HCM Holding, Inc engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels.

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

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