Spark Investment Management LLC Acquires 190,100 Shares of Ceridian HCM Holding Inc (CDAY)

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Spark Investment Management LLC increased its holdings in shares of Ceridian HCM Holding Inc (NYSE:CDAY) by 280.8% during the first quarter, Holdings Channel reports. The fund owned 257,800 shares of the company’s stock after buying an additional 190,100 shares during the period. Spark Investment Management LLC’s holdings in Ceridian HCM were worth $13,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Deutsche Bank AG boosted its position in Ceridian HCM by 23.8% during the fourth quarter. Deutsche Bank AG now owns 1,425 shares of the company’s stock worth $48,000 after acquiring an additional 274 shares during the last quarter. American International Group Inc. increased its stake in Ceridian HCM by 48.7% during the 4th quarter. American International Group Inc. now owns 849 shares of the company’s stock worth $29,000 after buying an additional 278 shares during the period. TIAA CREF Investment Management LLC increased its stake in Ceridian HCM by 0.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 53,377 shares of the company’s stock worth $2,243,000 after buying an additional 345 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Ceridian HCM by 47.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,280 shares of the company’s stock worth $44,000 after buying an additional 409 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ceridian HCM by 81.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,740 shares of the company’s stock worth $89,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 69.56% of the company’s stock.

A number of equities research analysts have commented on CDAY shares. Zacks Investment Research raised shares of Ceridian HCM from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Thursday, February 7th. Needham & Company LLC increased their price objective on shares of Ceridian HCM to $53.00 and gave the company a “buy” rating in a research report on Thursday, February 7th. Goldman Sachs Group started coverage on shares of Ceridian HCM in a research report on Friday, February 1st. They issued a “neutral” rating and a $37.00 price objective on the stock. Mitsubishi UFJ Financial Group increased their price objective on shares of Ceridian HCM to $49.00 and gave the company an “overweight” rating in a research report on Thursday, February 7th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $50.00 price objective on shares of Ceridian HCM in a research report on Thursday, February 7th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $44.87.

Shares of Ceridian HCM stock traded down $0.41 during trading hours on Friday, hitting $51.57. The company had a trading volume of 2,695 shares, compared to its average volume of 566,206. Ceridian HCM Holding Inc has a twelve month low of $31.39 and a twelve month high of $53.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.06 billion and a price-to-earnings ratio of -1,036.20.

Ceridian HCM (NYSE:CDAY) last issued its earnings results on Wednesday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Ceridian HCM had a negative net margin of 5.13% and a positive return on equity of 0.89%. The company had revenue of $203.70 million during the quarter, compared to analyst estimates of $203.99 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts forecast that Ceridian HCM Holding Inc will post 0.28 earnings per share for the current fiscal year.

In related news, EVP Lisa M. Sterling sold 11,250 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $49.84, for a total transaction of $560,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Arthur Gitajn sold 86,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $47.01, for a total transaction of $4,066,365.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,319,892 shares of company stock valued at $701,369,802. Company insiders own 26.90% of the company’s stock.

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Ceridian HCM 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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Institutional Ownership by Quarter for Ceridian HCM (NYSE:CDAY)

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