Lbp Am Sa Has $10.02 Million Stock Position in Dayforce Inc (NYSE:DAY)

LBP AM SA boosted its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 314.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,911 shares of the company's stock after purchasing an additional 104,598 shares during the period. LBP AM SA owned about 0.09% of Dayforce worth $10,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAY. Connor Clark & Lunn Investment Management Ltd. grew its position in Dayforce by 18,250.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company's stock valued at $47,890,000 after purchasing an additional 657,013 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Dayforce during the third quarter valued at approximately $19,273,000. Principal Financial Group Inc. purchased a new position in Dayforce during the third quarter valued at approximately $11,135,000. Wealthfront Advisers LLC purchased a new position in Dayforce during the fourth quarter valued at approximately $12,105,000. Finally, EdgePoint Investment Group Inc. grew its position in Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company's stock valued at $650,726,000 after purchasing an additional 112,086 shares in the last quarter.

Insider Activity at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.90% of the company's stock.

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Analysts Set New Price Targets

DAY has been the subject of several recent research reports. Barclays decreased their target price on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Citigroup decreased their target price on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group decreased 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dayforce has an average rating of "Moderate Buy" and an average target price of $77.86.

Dayforce Stock Performance

NYSE:DAY traded up $0.50 during trading hours on Wednesday, hitting $57.63. 1,951,394 shares of the company traded hands, compared to its average volume of 1,660,895. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 523.96, a P/E/G ratio of 2.49 and a beta of 1.33. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a 50-day moving average of $65.08 and a 200 day moving average of $67.81. 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 released its 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 net margin of 1.03% and a return on equity of 6.49%. On average, analysts forecast that Dayforce Inc will post 1.48 EPS for the current year.

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.