Artisan Partners Limited Partnership Lowers Position in Dayforce Inc (NYSE:DAY)

Artisan Partners Limited Partnership cut its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 986,504 shares of the company's stock after selling 56,562 shares during the period. Artisan Partners Limited Partnership owned approximately 0.63% of Dayforce worth $71,660,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DAY. Quarry LP acquired a new position in shares of Dayforce during the 3rd quarter worth approximately $51,000. Harvest Fund Management Co. Ltd acquired a new stake in Dayforce during the fourth quarter worth approximately $61,000. AlphaQuest LLC increased its stake in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC raised its holdings in Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after acquiring an additional 501 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Dayforce during the 3rd quarter valued at $179,000.

Insider Buying and Selling at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.50% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price target (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Barclays dropped 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 report on Thursday, February 6th. Jefferies Financial Group reduced their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price objective on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $77.86.

Dayforce Trading Up 0.0 %

NYSE DAY traded up $0.01 on Tuesday, hitting $58.34. The company's stock had a trading volume of 1,048,516 shares, compared to its average volume of 1,727,356. The company's 50-day moving average is $62.84 and its 200 day moving average is $67.97. The firm has a market cap of $9.23 billion, a PE ratio of 530.38, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.37 EPS 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%. As a group, analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Dayforce Profile

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.