Blair William & Co. IL Sells 8,223 Shares of Dayforce Inc (NYSE:DAY)

Blair William & Co. IL cut its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,940 shares of the company's stock after selling 8,223 shares during the period. Blair William & Co. IL owned approximately 0.06% of Dayforce worth $7,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Metis Global Partners LLC increased its holdings in Dayforce by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock worth $382,000 after purchasing an additional 193 shares in the last quarter. Xponance Inc. boosted its stake in Dayforce by 1.6% during the fourth quarter. Xponance Inc. now owns 22,494 shares of the company's stock worth $1,634,000 after acquiring an additional 357 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after purchasing an additional 501 shares during the period. HighTower Advisors LLC increased its stake in Dayforce by 11.0% in the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company's stock valued at $368,000 after purchasing an additional 602 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Dayforce by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,282 shares of the company's stock valued at $820,000 after purchasing an additional 650 shares during the period.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAY. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Barclays decreased their price target 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. Scotiabank dropped their price objective on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group decreased their target price on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $77.86.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the transaction, the chief operating officer now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Dayforce Stock Performance

Shares of DAY stock traded down $4.01 during trading hours on Thursday, hitting $55.29. 526,043 shares of the company were exchanged, compared to its average volume of 1,723,437. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $62.63 and a 200 day simple moving average of $67.91. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 502.68, a P/E/G ratio of 2.49 and a beta of 1.33.

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

About Dayforce

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.