Capital International Investors Boosts Holdings in Dayforce Inc (NYSE:DAY)

Capital International Investors lifted its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,659,706 shares of the company's stock after buying an additional 667,065 shares during the period. Capital International Investors owned approximately 11.20% of Dayforce worth $1,282,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Capital International Sarl increased its position in shares of Dayforce by 27.3% during the 4th quarter. Capital International Sarl now owns 99,291 shares of the company's stock worth $7,212,000 after purchasing an additional 21,316 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Dayforce by 1.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 59,211 shares of the company's stock valued at $4,297,000 after acquiring an additional 988 shares during the last quarter. PEAK6 LLC acquired a new stake in shares of Dayforce during the fourth quarter valued at about $424,000. United Capital Financial Advisors LLC raised its stake in shares of Dayforce by 3.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after acquiring an additional 228 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Dayforce by 70.7% in the 4th quarter. Guggenheim Capital LLC now owns 11,152 shares of the company's stock worth $810,000 after acquiring an additional 4,619 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus cut their target price on Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Mizuho cut their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday. Scotiabank decreased their target price on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research note on Monday, March 17th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and boosted their price target for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $76.79.

Insider Transactions at Dayforce

In related news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.50% of the company's stock.

Dayforce Price Performance

Shares of DAY opened at $54.16 on Friday. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 492.38, a PEG ratio of 2.49 and a beta of 1.20. The firm's fifty day simple moving average is $58.52 and its 200-day simple moving average is $67.28. Dayforce Inc has a twelve month low of $47.08 and a twelve month 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.

Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share 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 analysts forecast that Dayforce Inc will post 1.48 EPS 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.

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