Ceridian HCM (NYSE:CDAY) Sets New 52-Week High – What’s Next?

Ceridian HCM Holding Inc. (NYSE:CDAY)’s stock price hit a new 52-week high during mid-day trading 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 Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $68.51 and a 200-day simple moving average of $59.19. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 2,662.33, a PEG ratio of 2.12 and a beta of 1.38.

Institutional Trading of Ceridian HCM

A hedge fund recently raised its stake in Ceridian HCM stock. Sound Income Strategies LLC increased its holdings in Ceridian HCM Holding Inc. (NYSE:CDAY) by 62.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,652 shares of the company’s stock after purchasing an additional 637 shares during the quarter. Sound Income Strategies LLC’s holdings in Ceridian HCM were worth $115,000 at the end of the most recent quarter.

About Ceridian HCM

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.