89,489 Shares in Dayforce Inc (NYSE:DAY) Purchased by Aviva PLC

Aviva PLC purchased a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 89,489 shares of the company's stock, valued at approximately $6,500,000. Aviva PLC owned 0.06% of Dayforce as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DAY. Principal Financial Group Inc. purchased a new stake in Dayforce in the third quarter valued at approximately $11,135,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Dayforce in the third quarter worth $2,105,000. SG Americas Securities LLC increased its stake in shares of Dayforce by 167.7% in the fourth quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock worth $1,404,000 after acquiring an additional 12,103 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Dayforce by 31.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock worth $1,398,000 after purchasing an additional 4,596 shares during the last quarter.

Dayforce Price Performance

NYSE DAY traded up $1.31 during mid-day trading on Monday, hitting $56.40. The stock had a trading volume of 121,564 shares, compared to its average volume of 1,738,316. The firm's 50 day moving average is $59.35 and its 200 day moving average is $67.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 512.77, a PEG ratio of 2.49 and a beta of 1.20. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

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Dayforce (NYSE:DAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DAY. Scotiabank cut their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. TD Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating and raised their price objective for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Stifel Nicolaus decreased their target price 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 dropped their price target on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

Insiders Place Their Bets

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.50% of the company's stock.

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.