Andar Capital Management HK Ltd Takes Position in Ceridian HCM Holding Inc. (NYSE:CDAY)

Andar Capital Management HK Ltd purchased a new position in Ceridian HCM Holding Inc. (NYSE:CDAY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $1,678,000. Ceridian HCM makes up about 2.4% of Andar Capital Management HK Ltd’s portfolio, making the stock its 17th biggest holding.

Other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Ceridian HCM in the 3rd quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Ceridian HCM in the third quarter worth approximately $44,000. Desjardins Global Asset Management Inc. lifted its position in shares of Ceridian HCM by 68.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 723 shares of the company’s stock valued at $49,000 after acquiring an additional 294 shares during the last quarter. Sentry Investment Management LLC lifted its position in shares of Ceridian HCM by 40.5% during the 3rd quarter. Sentry Investment Management LLC now owns 892 shares of the company’s stock valued at $61,000 after acquiring an additional 257 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Ceridian HCM during the 4th quarter valued at $81,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Robert W. Baird restated an “outperform” rating and issued a $86.00 target price on shares of Ceridian HCM in a report on Friday, January 19th. Stifel Nicolaus assumed coverage on shares of Ceridian HCM in a research note on Wednesday, January 10th. They issued a “buy” rating and a $75.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.38.

Ceridian HCM Price Performance

CDAY traded down $0.61 during midday trading on Wednesday, reaching $61.37. 3,024,154 shares of the company’s stock were exchanged, compared to its average volume of 1,312,424. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 2,045.67, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a 50-day simple moving average of $65.34 and a two-hundred day simple moving average of $66.99. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Ceridian HCM Holding Inc. has a one year low of $55.62 and a one year high of $79.66.

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.