Charles Schwab Investment Management Inc. Boosts Stock Position in Dayforce Inc (NYSE:DAY)

Charles Schwab Investment Management Inc. increased its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,399,628 shares of the company's stock after acquiring an additional 4,584 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.89% of Dayforce worth $101,669,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in shares of Dayforce in the 3rd quarter valued at about $40,000. Quarry LP acquired a new stake in shares of Dayforce in the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC increased its stake in 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 purchasing an additional 501 shares in the last quarter. US Bancorp DE raised its holdings in Dayforce by 66.3% during the third quarter. US Bancorp DE now owns 2,363 shares of the company's stock worth $145,000 after purchasing an additional 942 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Dayforce during the third quarter worth $179,000.

Dayforce Trading Up 0.4 %

Shares of NYSE DAY traded up $0.20 on Wednesday, reaching $53.92. 96,852 shares of the company traded hands, compared to its average volume of 1,845,956. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company has a 50 day moving average of $66.80 and a 200 day moving average of $67.92. The stock has a market capitalization of $8.57 billion, a PE ratio of 489.52, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

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Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) 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, equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen upgraded Dayforce from a "hold" rating to a "buy" rating and raised their price target for the company from $67.00 to $68.00 in a research report on Friday, March 7th. Jefferies Financial Group cut 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. BMO Capital Markets increased their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Cowen upgraded Dayforce from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Stifel Nicolaus lowered their target price on Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.07.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% 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.