Ceridian HCM (NYSE:CDAY) Hits New 12-Month High – Still a Buy?

Shares of Ceridian HCM Holding Inc. (NYSE:CDAY) reached a new 52-week high during trading on Friday . The stock 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 market cap of $12.49 billion, a price-to-earnings ratio of 2,666.33, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $68.92 and its 200 day moving average price is $59.33.

Institutional Trading of Ceridian HCM

An institutional investor recently raised its position in Ceridian HCM stock. Sound Income Strategies LLC raised its position in Ceridian HCM Holding Inc. (NYSE:CDAY) by 62.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,652 shares of the company’s stock after acquiring an additional 637 shares during the period. Sound Income Strategies LLC’s holdings in Ceridian HCM were worth $115,000 at the end of the most recent reporting period.

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.