Ceridian HCM Holding Inc. (CDAY) Bundle
Who's buying Ceridian HCM Holding Inc. (CDAY) and why it matters: institutional investors now control roughly 70% of the float, with The Vanguard Group holding about 25.1 million shares, BlackRock about 22.8 million shares and FMR LLC 20.5 million-positions that reflect confidence in Dayforce and Ceridian's strategy as the stock trades near $85.00 per share in February 2024 (year-to-date +15%), amid projected annual revenue of $1,477 million (up 23.89%); add State Street (9.6%), Invesco (6.4%) and Goldman Sachs (5.3%) to the list of influential holders, and note recent moves-Vanguard +2.3%, BlackRock -1.5%, FMR +1.7%-that signal active repositioning by major stakeholders seeking liquidity, stability and long-term growth exposure in the human capital management space.
Ceridian HCM Holding Inc. (CDAY) - Who Invests in Ceridian HCM Holding Inc. (CDAY) and Why?
Ceridian HCM Holding Inc. (CDAY) attracts a mix of large institutional investors and long-term holders drawn to its market position in human capital management software, led by the Dayforce platform. Major institutional stakes signal confidence in Ceridian's ability to grow recurring revenue, expand product capabilities, and maintain customer retention.- Major institutional owners (early 2024): The Vanguard Group, BlackRock, and FMR LLC hold substantial positions, providing liquidity and investor stability.
- Investment rationale: exposure to a SaaS-based HCM leader with recurring revenue streams, product-led expansion opportunities, and operational scale.
- Horizon: these institutions typically pursue multi-year to decade-long holdings, aligning with Ceridian's long-term growth and innovation roadmap.
| Institution | Shares Owned (approx., early 2024) | Ownership % |
|---|---|---|
| The Vanguard Group | 25.1 million | 15.8% |
| BlackRock | 22.8 million | 14.4% |
| FMR LLC (Fidelity) | 20.5 million | 12.9% |
| Combined (top 3) | 68.4 million | 43.1% |
- Product strength: Dayforce's end-to-end HCM capabilities (payroll, workforce management, HR, benefits) drive customer retention and upsell.
- Revenue profile: predictable, subscription-driven revenue attracts investors favoring recurring cash flows and visibility.
- Strategic initiatives: focus on product innovation, international expansion, and ecosystem integrations that support scalable growth.
- Market dynamics: growing demand for cloud HCM solutions and digital HR transformation supports addressable market expansion.
Ceridian HCM Holding Inc. (CDAY) - Institutional Ownership and Major Shareholders of Ceridian HCM Holding Inc. (CDAY)
Ceridian HCM Holding Inc. (CDAY) exhibits a concentrated institutional ownership base, with institutional investors collectively holding approximately 70% of outstanding shares as of early 2024. That level of ownership signals significant institutional confidence and aligns with norms for technology-oriented enterprise software companies.- The Vanguard Group - 15.8% ownership (quarter change: +2.3%)
- BlackRock, Inc. - 14.4% ownership (quarter change: -1.5%)
- FMR LLC (Fidelity) - 12.9% ownership (quarter change: +1.7%)
- State Street Corporation - 9.6% ownership (no quarterly change specified)
- Invesco Ltd. - 6.4% ownership (no quarterly change specified)
- Goldman Sachs Group, Inc. - 5.3% ownership (no quarterly change specified)
| Institutional Holder | % Ownership | Quarterly Change |
|---|---|---|
| The Vanguard Group | 15.8% | +2.3% |
| BlackRock, Inc. | 14.4% | -1.5% |
| FMR LLC (Fidelity) | 12.9% | +1.7% |
| State Street Corporation | 9.6% | - |
| Invesco Ltd. | 6.4% | - |
| Goldman Sachs Group, Inc. | 5.3% | - |
| Other institutional holders (aggregate) | ~15.7% | - |
Ceridian HCM Holding Inc. (CDAY) - Key Investors and Their Impact on Ceridian HCM Holding Inc. (CDAY)
Ceridian HCM Holding Inc. (CDAY) is held by a concentrated mix of large institutional investors whose ownership, engagement styles, and voting power materially shape corporate strategy, governance, and long-term planning. Institutional stakes both signal market confidence and create channels for constructive pressure on management to deliver operational improvements and shareholder value.- The Vanguard Group - a top holder that has historically pushed for governance reforms, board effectiveness, and alignment of executive pay with performance.
- BlackRock - uses active engagement at shareholder meetings and proxy voting to influence company policies and strategic direction.
- FMR LLC (Fidelity) - its growing position reflects fundamental confidence in Ceridian's growth trajectory and product-led recurring-revenue model.
- State Street Corporation - contributes to governance diversity and often emphasizes risk oversight and long-term stewardship.
- Invesco Ltd. - brings investment and partnership expertise that can support strategic initiatives, especially around scale and M&A readiness.
- Goldman Sachs Group, Inc. - provides capital markets expertise and potential strategic connectivity for financing or transaction advisory.
| Institution | Estimated Shares Held (M) | Estimated % of Outstanding Shares | Primary Influence/Engagement Style |
|---|---|---|---|
| The Vanguard Group | ~15.3 | ~9.0% | Governance reforms, passive stewardship with targeted engagement |
| BlackRock | ~14.5 | ~8.5% | Active proxy voting, direct engagement on strategy and sustainability |
| FMR LLC (Fidelity) | ~11.9 | ~7.0% | Fundamental investor; increased holdings signal growth conviction |
| State Street Corporation | ~7.7 | ~4.5% | Risk oversight, governance balance, stewardship policies |
| Invesco Ltd. | ~3.4 | ~2.0% | Active manager; brings strategic capital and partnership potential |
| Goldman Sachs Group, Inc. | ~2.6 | ~1.5% | Capital markets expertise, advisory capability, strategic investor role |
- Governance pressure from large passive holders (Vanguard, State Street) and active managers (BlackRock, FMR) increases focus on board composition, risk management, and executive compensation alignment.
- Significant institutional support underpins management's ability to pursue multi-year investments in Dayforce and global expansion while maintaining discipline on churn and ARR growth.
- Investor mix combining passive custodians and active managers fosters balanced decision-making-encouraging both long-term investment and near-term accountability.
- Large holders expand Ceridian's credibility in capital markets, smoothing access to equity and debt financing when needed and aiding potential strategic partnerships facilitated by firms like Goldman Sachs and Invesco.
Ceridian HCM Holding Inc. (CDAY) - Market Impact and Investor Sentiment
Ceridian HCM Holding Inc. (CDAY) has seen investor sentiment strengthen amid consistent revenue growth, strategic product expansion, and notable institutional backing. Below are the key market inputs shaping current perceptions and trading behavior.
- Share price: approximately $85.00 per share (February 2024).
- Year-to-date price change: +15% (2024 YTD).
- Analyst consensus one-year price target: $74.46 (as of Jan 28, 2023).
- Projected annual revenue: $1,477 million (projected growth +23.89%).
- Primary drivers of sentiment: institutional investment, recurring revenue growth, and product/customer expansion initiatives.
| Metric | Value | Source / Date |
|---|---|---|
| Share Price | $85.00 | February 2024 |
| YTD Performance | +15% | 2024 YTD |
| Analyst Avg. 1‑yr Price Target | $74.46 | January 28, 2023 |
| Projected Annual Revenue | $1,477 million | Projected; +23.89% growth |
| Investor Composition | Significant institutional ownership | Public holdings reports |
Institutional participation is a central theme in CDAY's market dynamics:
- Large institutions bring heightened liquidity, reducing bid-ask spreads and enabling smoother execution for larger trades.
- Longer investment horizons of institutions typically translate to lower volatility compared with retail-driven momentum trades.
- Institutional endorsement often amplifies confidence among other investors-both retail and smaller funds-especially when combined with strong revenue projections.
Ceridian's growth profile and strategic initiatives help justify the institutional interest:
- Recurring revenue model and consistent top-line expansion underpin valuation narratives tied to SaaS multiples.
- Investments in product breadth and sales/marketing expansion aimed at increasing wallet share across existing customers and winning net-new customers.
- Execution on ARR and margin expansion goals remains a focal point for buy-side analysts monitoring upside potential.
For a deeper dive into Ceridian HCM Holding Inc. (CDAY) financial metrics and health, see: Breaking Down Ceridian HCM Holding Inc. (CDAY) Financial Health: Key Insights for Investors
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