The Vanguard Group, Inc. has recently announced that it has increased stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 1.05%. After grabbing 16.46 million shares, the institutional investor is now in possession of 0.17 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.68% having worth around $1.04 billion. Moreover, Capital Research & Management Co increased its share by 2.0 million to have a control over 8.82 million shares. And Janus Henderson Investors US LLC raised its holdings to 0.38 million shares by acquiring 6.67 million shares or 4.33% of the stake.
Ceridian HCM Holding Inc. (CDAY) concluded trading on 05/25/23 at a closing price of $61.64, with 1.18 million shares of worth about $72.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.73% during that period and on Thursday the price saw a gain of about 0.24%. Currently the company’s common shares owned by public are about 154.25M shares, out of which, 152.11M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 89 times over the past 12 months. They bought 405,849 shares in 35 of the transactions. In 54 selling transactions, insiders dumped 165,198 shares.
T Rowe Price New Horizons Fund, American Funds AMCAP Fund, and American Funds New Economy Fund are the top 3 mutual funds which are holding stakes in Ceridian HCM Holding Inc. T Rowe Price New Horizons Fund is currently holding 10.64 million shares of worth totaling $675.64 million. The company recently came selling -0.79 million shares which brought its stake up to 6.91% of the company’s outstanding shares. American Funds AMCAP Fund bought 0.27 million shares, after which its hold over company’s outstanding shares expand to 5.62%, leaving 8.66 million shares with the mutual fund that have a worth of about $549.79 million. American Funds New Economy Fund, after selling 5.1 million shares, have now control over 3.31% of the stake in the company. It holds -1.14 million shares of worth $323.57 million.
Ceridian HCM Holding Inc. (NYSE: CDAY) started trading at $62.62, above $1.13 from concluding price of the previous day. However, the stock later moved at a day high price of 62.62, or with a gain of 0.24%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of -2.50%. Year-to-date (YTD), CDAY shares are showing a performance of -3.91% which increased to 14.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.23 but also hit the highest price of $79.66 during that period. The average intraday trading volume for Ceridian HCM Holding Inc. shares is 1.29 million. The stock is currently trading 1.68% above its 20-day simple moving average (SMA20), while that difference is down -5.76% for SMA50 and it goes to -5.63% lower than SMA200.
The Vanguard Group, Inc. acquired 16.46 million shares of Ceridian HCM Holding Inc. having value of about $1.04 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.17 million shares in the company valued at close to $10493716.88, or have control over 1.05% stake in the company. Ceridian HCM Holding Inc. (NYSE: CDAY) currently have 154.25M outstanding shares and institutions hold larger chunk of about 110.00% of that. Holding of mutual funds in the company is about 34.27% while other institutional holders and individual stake holders have control over 68.37% and 12.08% of the stake respectively.
The stock has a current market capitalization of $9.57B and its 3Y-monthly beta is at 1.43. It has posted earnings per share of -$0.24 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CDAY, volatility over the week remained 2.87% while standing at 3.57% over the month.
Analysts are in expectations that Ceridian HCM Holding Inc. (CDAY) stock would likely to be making an EPS of $0.29 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $1.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.30% while it is estimated to increase by 32.51% in next year. EPS is likely to grow at an annualized rate of 40.63% for next 5-years, compared to annual growth of 17.70% made by the stock over the past 5-years.
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