Andar Capital Management HK Ltd Acquires Shares of 25,000 Ceridian HCM Holding Inc. (NYSE:CDAY)

Andar Capital Management HK Ltd acquired a new stake in Ceridian HCM Holding Inc. (NYSE:CDAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $1,678,000. Ceridian HCM accounts for about 2.4% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Ceridian HCM during the 3rd quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Ceridian HCM in the third quarter valued at approximately $44,000. Desjardins Global Asset Management Inc. boosted its position in Ceridian HCM by 68.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after buying an additional 294 shares in the last quarter. Sentry Investment Management LLC boosted its position 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 buying an additional 257 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Ceridian HCM during the 4th quarter valued at $81,000.

Ceridian HCM Trading Down 1.0 %

NYSE CDAY traded down $0.61 on Wednesday, hitting $61.37. 3,024,154 shares of the stock were exchanged, compared to its average volume of 1,312,424. The firm has a market capitalization of $9.58 billion, a P/E ratio of 2,045.67, a P/E/G ratio of 2.12 and a beta of 1.38. Ceridian HCM Holding Inc. has a 52-week low of $55.62 and a 52-week high of $79.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average price of $65.34 and a two-hundred day moving average price of $66.99.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird reissued an “outperform” rating and set a $86.00 price target on shares of Ceridian HCM in a research report on Friday, January 19th. Stifel Nicolaus started coverage on shares of Ceridian HCM in a report on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.38.

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.