APG Asset Management N.V. boosted its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 464.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,200 shares of the company's stock after buying an additional 71,739 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Dayforce worth $6,117,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DAY. FMR LLC boosted its holdings 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 buying an additional 2,548,779 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 worth $47,890,000 after purchasing an additional 657,013 shares during the period. California Public Employees Retirement System lifted its holdings in Dayforce by 189.0% during the 4th quarter. California Public Employees Retirement System now owns 567,561 shares of the company's stock worth $41,228,000 after purchasing an additional 371,153 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 last quarter. Finally, Principal Financial Group Inc. bought a new stake in Dayforce in the 3rd quarter valued at $11,135,000.
Insider Activity at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction that occurred 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 owns 119,022 shares of the company's stock, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 4.50% of the stock is owned by corporate insiders.
Dayforce Trading Down 0.7 %
Shares of NYSE:DAY traded down $0.39 during mid-day trading on Tuesday, reaching $55.77. 1,549,115 shares of the company's stock were exchanged, compared to its average volume of 1,745,628. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 2.49 and a beta of 1.20. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The business's fifty day moving average price is $59.15 and its 200-day moving average price is $67.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.
Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results 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 return on equity of 6.49% and a net margin of 1.03%. On average, research analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on DAY shares. Barclays dropped their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Finally, Needham & Company LLC restated 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 assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.79.
Check Out Our Latest Stock Analysis on DAY
About Dayforce
(
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.
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