Ceridian HCM (NYSE:CDAY) Sets New 12-Month High – Time to Buy?

Ceridian HCM Holding Inc. (NYSE:CDAY) shares hit a new 52-week high on Thursday . The company traded as high as $81.12 and last traded at $80.63, with a volume of 1669197 shares trading hands. The stock had previously closed at $80.95.

Ceridian HCM Trading Up 0.6 %

The company’s 50 day moving average price is $62.65 and its 200 day moving average price is $57.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $12.67 billion, a PE ratio of 2,704.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ceridian HCM stock. Tidal Investments LLC grew its stake in shares of Ceridian HCM Holding Inc. (NYSE:CDAY) by 12.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,597 shares of the company’s stock after purchasing an additional 869 shares during the period. Tidal Investments LLC’s holdings in Ceridian HCM were worth $503,000 at the end of the most recent reporting period.

About Ceridian HCM

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.