Allstate Corp purchased a new position in Dayforce Inc (NYSE:DAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,810 shares of the company's stock, valued at approximately $349,000.
A number of other hedge funds also recently bought and sold shares of DAY. Quarry LP bought a new stake in shares of Dayforce in the 3rd quarter worth $51,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dayforce during the fourth quarter valued at $61,000. AlphaQuest LLC increased its holdings in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after buying an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after buying an additional 501 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in Dayforce during the 3rd quarter valued at about $179,000.
Analysts Set New Price Targets
DAY has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Barclays decreased their target price on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. TD Cowen upgraded Dayforce from a "hold" rating to a "buy" rating and raised their price target for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 target price (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Dayforce has an average rating of "Moderate Buy" and a consensus target price of $77.86.
Check Out Our Latest Stock Analysis on DAY
Insider Buying and Selling
In related news, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Dayforce Price Performance
Shares of DAY traded down $0.31 during mid-day trading on Monday, reaching $51.19. The stock had a trading volume of 3,123,824 shares, compared to its average volume of 1,732,003. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 465.36, a PEG ratio of 2.49 and a beta of 1.20. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The business has a fifty day moving average of $61.54 and a 200 day moving average of $67.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.
Dayforce (NYSE:DAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Equities analysts predict that Dayforce Inc will post 1.48 EPS for the current year.
About Dayforce
(
Free Report)
Dayforce 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 and tax, workforce management, wallet, benefits, and talent intelligence functionalities; and Powerpay, a cloud HR and payroll solution for the small business market.
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