Connor Clark & Lunn Investment Management Ltd. lifted its stake in Dayforce Inc (NYSE:DAY - Free Report) by 18,250.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 660,613 shares of the company's stock after acquiring an additional 657,013 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Dayforce worth $47,890,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DAY. Wealthfront Advisers LLC acquired a new position in Dayforce in the 4th quarter valued at about $12,105,000. Daiwa Securities Group Inc. increased its stake in Dayforce by 5.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 29,129 shares of the company's stock worth $2,116,000 after buying an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dayforce by 9.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,578 shares of the company's stock worth $3,383,000 after buying an additional 4,057 shares in the last quarter. AlphaQuest LLC lifted its holdings in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after buying an additional 1,036 shares in the last quarter. Finally, Amundi grew its stake in shares of Dayforce by 25.1% in the fourth quarter. Amundi now owns 487,630 shares of the company's stock worth $34,197,000 after acquiring an additional 97,915 shares in the last quarter.
Insider Activity at Dayforce
In related news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.90% of the stock is owned by insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Barclays lowered their price objective on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Needham & Company LLC reissued a "buy" rating and set a $95.00 price objective on shares of Dayforce in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Finally, Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.07.
Read Our Latest Report on DAY
Dayforce Stock Performance
Shares of Dayforce stock traded up $3.27 on Friday, hitting $55.45. The stock had a trading volume of 3,099,315 shares, compared to its average volume of 1,904,047. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 504.12, 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. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company's 50 day moving average price is $65.69 and its 200 day moving average price is $67.75.
Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts anticipate that Dayforce Inc will post 1.48 EPS for the current year.
Dayforce Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Dayforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dayforce wasn't on the list.
While Dayforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
