Point Break Capital Management LLC acquired a new stake in Ceridian HCM Holding Inc (NYSE:CDAY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,955 shares of the company’s stock, valued at approximately $240,000. Ceridian HCM comprises 0.1% of Point Break Capital Management LLC’s investment portfolio, making the stock its 8th largest holding.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Ceridian HCM by 102.0% in the 4th quarter. Bank of Montreal Can now owns 5,012 shares of the company’s stock valued at $173,000 after purchasing an additional 2,531 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Ceridian HCM by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 2,196,582 shares of the company’s stock valued at $92,323,000 after purchasing an additional 66,585 shares during the last quarter. Parkwood LLC acquired a new stake in shares of Ceridian HCM in the 3rd quarter valued at $1,122,000. Mackenzie Financial Corp acquired a new stake in shares of Ceridian HCM in the 4th quarter valued at $1,437,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Ceridian HCM by 0.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 53,377 shares of the company’s stock valued at $2,243,000 after purchasing an additional 345 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Ceridian HCM in a research report on Friday, February 1st. They set a “neutral” rating and a $37.00 target price for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $50.00 target price on shares of Ceridian HCM in a research report on Thursday, February 7th. Needham & Company LLC assumed coverage on shares of Ceridian HCM in a research report on Thursday, January 3rd. They set a “buy” rating and a $40.00 target price for the company. Mitsubishi UFJ Financial Group boosted their target price on shares of Ceridian HCM to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, February 7th. Finally, Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, February 7th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $42.73.
Ceridian HCM stock opened at $51.38 on Friday. The firm has a market cap of $6.83 billion and a price-to-earnings ratio of -1,027.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.06. Ceridian HCM Holding Inc has a fifty-two week low of $28.65 and a fifty-two week high of $51.79.
Ceridian HCM (NYSE:CDAY) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Ceridian HCM had a positive return on equity of 0.04% and a negative net margin of 6.82%. The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $196.56 million. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts forecast that Ceridian HCM Holding Inc will post 0.44 earnings per share for the current fiscal year.
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Ceridian HCM Company Profile
Ceridian HCM Holding Inc operates as a human capital management (HCM) software company in the United States and internationally. The company offers Dayforce, a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud platform, which offers scalable and straightforward payroll and HR solutions.
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