Ceridian HCM (NYSE:CDAY) Hits New 12-Month High – Should You Buy?

Ceridian HCM Holding Inc. (NYSE:CDAY) reached a new 52-week high on Friday . The company traded as high as $80.50 and last traded at $79.99, with a volume of 798310 shares traded. The stock had previously closed at $79.87.

Ceridian HCM Trading Up 0.2 %

The firm has a market capitalization of $12.49 billion, a PE ratio of 2,662.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 company has a fifty day moving average of $68.51 and a 200-day moving average of $59.19.

Hedge Funds Weigh In On Ceridian HCM

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

Ceridian HCM Company 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.