Ceridian HCM Holding Inc. Shares Purchased by Franklin Resources Inc.
CDAYDelisted Stock | USD 68.42 0.65 0.94% |
Slightly above 62% of Ceridian HCM's investor base is looking to short. The analysis of current outlook of investing in Ceridian HCM Holding suggests that many traders are alarmed regarding Ceridian HCM's prospects. Ceridian HCM's investing sentiment can be driven by a variety of factors including economic data, Ceridian HCM's earnings reports, geopolitical events, and overall market trends.
Ceridian |
Franklin Resources Inc. increased its holdings in shares of Ceridian HCM Holding Inc. by 333.0 percent during the 2nd quarter, Holdings Channel.com reports. The fund owned 251,718 shares of the companys stock after buying an additional 193,589 shares during the period. Franklin Resources Inc.s holdings in Ceridian HCM were worth 16,858,000 as
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Ceridian HCM Fundamental Analysis
We analyze Ceridian HCM's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ceridian HCM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ceridian HCM based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Ceridian HCM is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Ceridian HCM Holding Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.
Peers
Ceridian HCM Related Equities
ETWO | E2open Parent | 5.20 | ||||
CVLT | CommVault Systems | 4.24 | ||||
AGYS | Agilysys | 2.82 | ||||
CWAN | Clearwater Analytics | 2.39 | ||||
ENFN | Enfusion | 2.23 | ||||
PCTY | Paylocity Holdng | 2.13 | ||||
ALKT | Alkami Technology | 1.71 | ||||
MANH | Manhattan Associates | 1.49 | ||||
PYCR | Paycor HCM | 1.09 | ||||
ANSS | ANSYS | 0.69 | ||||
GWRE | Guidewire Software | 0.55 | ||||
AZPN | Aspen Technology | 0.40 | ||||
ROP | Roper Technologies, | 0.17 | ||||
PAYC | Paycom Soft | 1.74 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Ceridian Stock
If you are still planning to invest in Ceridian HCM Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ceridian HCM's history and understand the potential risks before investing.
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