Toronto Dominion Bank lifted its stake in shares of Ceridian HCM Holding Inc (NYSE:CDAY) by 2,627.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,664 shares of the company’s stock after purchasing an additional 1,603 shares during the period. Toronto Dominion Bank’s holdings in Ceridian HCM were worth $57,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CDAY. Deutsche Bank AG boosted its holdings in shares of Ceridian HCM by 23.8% during the 4th quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after purchasing an additional 274 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Ceridian HCM by 113.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,783 shares of the company’s stock valued at $143,000 after acquiring an additional 1,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ceridian HCM by 81.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock valued at $89,000 after acquiring an additional 779 shares during the last quarter. Rhumbline Advisers lifted its holdings in Ceridian HCM by 6.1% in the first quarter. Rhumbline Advisers now owns 34,731 shares of the company’s stock valued at $1,782,000 after acquiring an additional 2,009 shares during the last quarter. Finally, Comerica Bank acquired a new position in Ceridian HCM in the first quarter valued at approximately $720,000. Institutional investors and hedge funds own 81.29% of the company’s stock.
In other news, Director Thomas H. Lee Advisors, Llc sold 6,500,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $56.00, for a total transaction of $364,000,000.00. Also, EVP Lisa M. Sterling sold 6,250 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $49.30, for a total value of $308,125.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,201,162 shares of company stock worth $895,176,581. 26.90% of the stock is owned by corporate insiders.
NYSE CDAY traded down $0.17 on Friday, reaching $51.62. The stock had a trading volume of 169,026 shares, compared to its average volume of 1,156,507. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of -1,032.40 and a beta of 1.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. Ceridian HCM Holding Inc has a 12-month low of $31.39 and a 12-month high of $58.95. The stock has a fifty day moving average price of $53.79 and a two-hundred day moving average price of $51.32.
Ceridian HCM (NYSE:CDAY) last announced its earnings results on Tuesday, July 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $196.30 million for the quarter, compared to analyst estimates of $192.29 million. Ceridian HCM had a return on equity of 2.34% and a net margin of 4.19%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.44) earnings per share. Sell-side analysts forecast that Ceridian HCM Holding Inc will post 0.35 earnings per share for the current fiscal year.
A number of research firms recently commented on CDAY. Mizuho set a $65.00 price objective on Ceridian HCM and gave the company a “buy” rating in a report on Friday, September 6th. Jefferies Financial Group upgraded Ceridian HCM from a “hold” rating to a “buy” rating and upped their price objective for the company from $58.00 to $65.00 in a report on Monday, August 19th. Cantor Fitzgerald began coverage on Ceridian HCM in a report on Wednesday, September 11th. They issued an “overweight” rating and a $65.00 price objective on the stock. Canaccord Genuity set a $55.00 price objective on Ceridian HCM and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Credit Suisse Group upped their price objective on Ceridian HCM from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Ceridian HCM presently has a consensus rating of “Hold” and an average price target of $56.08.
Ceridian HCM Profile
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.
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