Capital World Investors Buys 128,578 Shares of Dayforce Inc (NYSE:DAY)

Capital World Investors lifted its position in Dayforce Inc (NYSE:DAY - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,654,333 shares of the company's stock after acquiring an additional 128,578 shares during the period. Capital World Investors owned 8.66% of Dayforce worth $991,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DAY. Principal Financial Group Inc. acquired a new stake in shares of Dayforce in the 3rd quarter worth $11,135,000. Smartleaf Asset Management LLC lifted its stake in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after acquiring an additional 501 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Dayforce during the third quarter worth about $2,105,000. SG Americas Securities LLC boosted its position in Dayforce by 167.7% in the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock valued at $1,404,000 after buying an additional 12,103 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Dayforce by 31.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock valued at $1,398,000 after purchasing an additional 4,596 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on DAY. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 price target on shares of Dayforce in a research report on Thursday, February 6th. Jefferies Financial Group decreased their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their price target on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Six equities research 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 currently has an average rating of "Moderate Buy" and a consensus target price of $74.86.

Insiders Place Their Bets

In other news, EVP William Everett Mcdonald sold 2,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company's stock.

Dayforce Stock Performance

Shares of NYSE DAY traded up $1.66 during trading hours on Thursday, hitting $57.23. 1,543,090 shares of the stock were exchanged, compared to its average volume of 1,753,997. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. 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 has a market capitalization of $9.06 billion, a P/E ratio of 520.32, a P/E/G ratio of 2.49 and a beta of 1.20. The company's 50 day moving average is $57.58 and its 200 day moving average is $67.08.

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