Ceridian HCM (NYSE:CDAY) Trading 0.2% Higher – Here’s Why

Ceridian HCM Holding Inc. (NYSE:CDAY)’s stock price shot up 0.2% during mid-day trading on Thursday . The company traded as high as $80.23 and last traded at $79.87. 1,509,923 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 1,312,424 shares. The stock had previously closed at $79.68.

Ceridian HCM Trading Up 0.2 %

The firm has a market cap of $12.47 billion, a PE ratio of 2,662.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a 50-day simple moving average of $68.10 and a 200 day simple moving average of $59.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ceridian HCM stock. Sound Income Strategies LLC boosted its stake in Ceridian HCM Holding Inc. (NYSE:CDAY) by 62.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,652 shares of the company’s stock after acquiring an additional 637 shares during the quarter. Sound Income Strategies LLC’s holdings in Ceridian HCM were worth $115,000 as of its most recent filing with the SEC.

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.