Commonwealth Equity Services LLC Makes New Investment in Ceridian HCM Holding Inc. (NYSE:CDAY)

Commonwealth Equity Services LLC acquired a new position in Ceridian HCM Holding Inc. (NYSE:CDAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,049 shares of the company’s stock, valued at approximately $343,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Ceridian HCM by 0.4% in the second quarter. Vanguard Group Inc. now owns 12,719,426 shares of the company’s stock worth $1,220,047,000 after purchasing an additional 53,779 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ceridian HCM by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 6,144,082 shares of the company’s stock worth $589,340,000 after purchasing an additional 480,135 shares during the period. FMR LLC boosted its holdings in shares of Ceridian HCM by 14.2% during the second quarter. FMR LLC now owns 4,719,828 shares of the company’s stock valued at $452,726,000 after acquiring an additional 587,825 shares during the period. State Street Corp boosted its holdings in shares of Ceridian HCM by 8.7% during the second quarter. State Street Corp now owns 4,049,447 shares of the company’s stock valued at $388,423,000 after acquiring an additional 323,931 shares during the period. Finally, Bamco Inc. NY boosted its holdings in shares of Ceridian HCM by 1.1% during the second quarter. Bamco Inc. NY now owns 3,040,119 shares of the company’s stock valued at $291,608,000 after acquiring an additional 34,036 shares during the period.

NYSE CDAY opened at $82.83 on Friday. The company has a market cap of $12.53 billion, a PE ratio of -147.91 and a beta of 1.36. Ceridian HCM Holding Inc. has a 1 year low of $78.20 and a 1 year high of $130.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $105.72 and its two-hundred day moving average price is $108.37.

Ceridian HCM (NYSE:CDAY) last announced its earnings results on Wednesday, November 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.14. The firm had revenue of $257.20 million during the quarter, compared to analysts’ expectations of $253.72 million. Ceridian HCM had a negative return on equity of 1.86% and a negative net margin of 8.62%. Research analysts forecast that Ceridian HCM Holding Inc. will post -0.35 EPS for the current fiscal year.

CDAY has been the subject of several analyst reports. DA Davidson initiated coverage on shares of Ceridian HCM in a report on Wednesday, October 13th. They set a “buy” rating and a $135.00 price target for the company. Jefferies Financial Group reissued a “hold” rating on shares of Ceridian HCM in a report on Tuesday, October 19th. Needham & Company LLC reissued a “hold” rating on shares of Ceridian HCM in a report on Thursday, October 7th. Barclays reduced their price objective on shares of Ceridian HCM from $115.00 to $92.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Cowen upped their price objective on shares of Ceridian HCM from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Ceridian HCM currently has a consensus rating of “Hold” and an average target price of $115.58.

In other news, EVP William Everett Mcdonald sold 8,750 shares of the firm’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $122.22, for a total transaction of $1,069,425.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas M. Hagerty sold 20,978 shares of Ceridian HCM stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $124.24, for a total value of $2,606,306.72. The disclosure for this sale can be found here. Insiders have sold 542,728 shares of company stock valued at $57,800,612 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

Ceridian HCM Company 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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