5 Best Tech Stocks to Buy Now According to Nishkama Capital

3. Ceridian HCM Holding Inc. (NYSE:CDAY)

Nishkama sold off 41% of its Ceridian HCM Holding Inc. (NYSE:CDAY) position during Q3 but that still left the fund with a holding of 188,634 shares valued at $21.24 million on September 30. It is the fund’s fourth-largest long position as of the end of Q3 after ranking as its second-largest at the end of June.

Artisan Partners discussed Ceridian HCM Holding Inc. (NYSE:CDAY) in its Q3 investor letter, noting that it began investing in the payroll software company back in 2019 as it began its transition to a subscription model. The fund expected that transition to greatly improve margins and has been equally impressed with the company’s sales growth, which grew by 30% year-over-year in Q2. Furthermore, the fund believes that Ceridian’s cloud platform Dayforce still has a substantial growth runway ahead of it.