Vontobel Holding Ltd. Acquires Shares of 5,759 Ceridian HCM Holding Inc. (NYSE:CDAY)

Vontobel Holding Ltd. acquired a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,759 shares of the company’s stock, valued at approximately $387,000.

A number of other hedge funds have also recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its position in Ceridian HCM by 8.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,924,755 shares of the company’s stock valued at $266,295,000 after buying an additional 321,396 shares during the last quarter. Bamco Inc. NY boosted its position in Ceridian HCM by 0.7% in the 3rd quarter. Bamco Inc. NY now owns 3,534,834 shares of the company’s stock valued at $239,838,000 after buying an additional 23,252 shares during the last quarter. Northern Trust Corp boosted its position in Ceridian HCM by 1.9% in the 3rd quarter. Northern Trust Corp now owns 1,462,775 shares of the company’s stock valued at $99,249,000 after buying an additional 27,642 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ceridian HCM by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,297,848 shares of the company’s stock valued at $88,059,000 after buying an additional 21,060 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Ceridian HCM by 7.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,226,077 shares of the company’s stock valued at $83,189,000 after purchasing an additional 84,321 shares during the period.

Analysts Set New Price Targets

CDAY has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target on the stock. Robert W. Baird reissued an “outperform” rating and issued a $86.00 price target on shares of Ceridian HCM in a research note on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.38.

Ceridian HCM Stock Performance

Shares of Ceridian HCM stock opened at $59.28 on Wednesday. The company has a market capitalization of $9.26 billion, a PE ratio of 1,976.00, a PEG ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a 12 month low of $55.62 and a 12 month high of $79.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $66.55 and its 200 day simple moving average is $67.46.

Ceridian HCM Profile

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.