Kentucky Retirement Systems Insurance Trust Fund Has $391,000 Stock Holdings in Ceridian HCM Holding Inc. (NYSE:CDAY)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Ceridian HCM Holding Inc. (NYSE:CDAYGet Rating) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,747 shares of the company’s stock after buying an additional 207 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ceridian HCM were worth $391,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Metropolitan Life Insurance Co NY increased its position in shares of Ceridian HCM by 35.4% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the company’s stock worth $187,000 after purchasing an additional 955 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Ceridian HCM during the 1st quarter worth about $6,042,000. Morgan Stanley increased its position in shares of Ceridian HCM by 3.7% during the 2nd quarter. Morgan Stanley now owns 532,360 shares of the company’s stock worth $51,065,000 after purchasing an additional 18,865 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Ceridian HCM by 1.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 78,014 shares of the company’s stock worth $8,786,000 after purchasing an additional 767 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Ceridian HCM during the 3rd quarter worth about $343,000.

CDAY stock traded up $0.54 during mid-day trading on Tuesday, hitting $60.12. 3,652 shares of the company were exchanged, compared to its average volume of 1,757,781. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $9.14 billion, a P/E ratio of -119.16 and a beta of 1.47. The firm’s 50 day simple moving average is $67.56 and its 200 day simple moving average is $92.05. Ceridian HCM Holding Inc. has a 1-year low of $58.32 and a 1-year high of $130.37.

Ceridian HCM (NYSE:CDAYGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.02). Ceridian HCM had a negative net margin of 7.36% and a negative return on equity of 2.73%. The business had revenue of $282.10 million during the quarter, compared to analyst estimates of $274.98 million. During the same quarter last year, the business earned ($0.02) earnings per share. On average, equities research analysts predict that Ceridian HCM Holding Inc. will post -0.37 EPS for the current fiscal year.

In related news, EVP William Everett Mcdonald sold 1,225 shares of the business’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $62.49, for a total transaction of $76,550.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Christopher R. Armstrong sold 6,861 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $62.49, for a total transaction of $428,743.89. The disclosure for this sale can be found here. Insiders sold 13,353 shares of company stock worth $900,537 over the last quarter. 3.90% of the stock is owned by corporate insiders.

CDAY has been the topic of a number of research analyst reports. Wolfe Research lowered shares of Ceridian HCM from a “peer perform” rating to an “underperform” rating in a report on Friday, February 11th. Piper Sandler decreased their price objective on shares of Ceridian HCM from $105.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, February 10th. Wells Fargo & Company decreased their price objective on shares of Ceridian HCM from $85.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th. Mizuho decreased their price objective on shares of Ceridian HCM from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 28th. Finally, BMO Capital Markets began coverage on shares of Ceridian HCM in a report on Wednesday, February 2nd. They set an “outperform” rating and a $91.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Ceridian HCM presently has an average rating of “Hold” and an average target price of $96.45.

Ceridian HCM Company Profile (Get Rating)

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 (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market.

Further Reading

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

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