Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Ceridian HCM Holding Inc. (NYSE:CDAY) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,300 shares of the company’s stock after selling 11,400 shares during the quarter. Swiss National Bank owned 0.30% of Ceridian HCM worth $31,030,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Ceridian HCM in the third quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Ceridian HCM during the third quarter worth approximately $44,000. Desjardins Global Asset Management Inc. increased its stake in shares of Ceridian HCM by 68.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock worth $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 third quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after acquiring an additional 257 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in Ceridian HCM during the 4th quarter valued at $81,000.

Ceridian HCM Price Performance

Shares of CDAY opened at $59.18 on Thursday. Ceridian HCM Holding Inc. has a 12 month low of $55.62 and a 12 month high of $79.66. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average price of $63.82 and a 200 day moving average price of $66.45. The company has a market cap of $9.24 billion, a P/E ratio of 1,972.67, a PEG ratio of 2.12 and a beta of 1.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated an “outperform” rating and issued a $86.00 target price on shares of Ceridian HCM in a research note on Friday, January 19th. Stifel Nicolaus began coverage on Ceridian HCM in a report on Wednesday, January 10th. They set a “buy” rating and a $75.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Ceridian HCM has a consensus rating of “Moderate Buy” and a consensus price target of $76.80.

About Ceridian HCM

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.