Dayforce Inc (NYSE:DAY) Shares Acquired by Capital International Ltd. CA

Capital International Ltd. CA increased its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,531 shares of the company's stock after buying an additional 9,286 shares during the period. Capital International Ltd. CA's holdings in Dayforce were worth $4,615,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Dayforce by 382.5% during the 4th quarter. FMR LLC now owns 3,215,123 shares of the company's stock worth $233,547,000 after purchasing an additional 2,548,779 shares during the last quarter. Capital International Investors boosted its position in Dayforce by 3.9% during the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company's stock worth $1,282,800,000 after acquiring an additional 667,065 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Dayforce by 18,250.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company's stock worth $47,890,000 after acquiring an additional 657,013 shares during the period. California Public Employees Retirement System raised its holdings in Dayforce by 189.0% in the 4th quarter. California Public Employees Retirement System now owns 567,561 shares of the company's stock valued at $41,228,000 after acquiring an additional 371,153 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Dayforce by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock worth $1,258,072,000 after purchasing an additional 197,773 shares during the period.

Dayforce Stock Up 2.7 %

DAY traded up $1.50 during trading hours on Thursday, reaching $57.07. 398,498 shares of the stock traded hands, compared to its average volume of 1,912,075. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 518.87, a PEG ratio of 2.49 and a beta of 1.20. 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 firm's fifty day simple moving average is $57.58 and its two-hundred day simple moving average is $67.08.

Dayforce (NYSE:DAY - Get Free Report) last released its quarterly 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 forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now 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 available at the SEC website. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DAY shares. Stifel Nicolaus lowered their price objective on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Cowen upgraded Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Dayforce in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Dayforce currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.86.

Dayforce Company 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.