Dayforce Inc (NYSE:DAY) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 114.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,385 shares of the company's stock after buying an additional 9,794 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Dayforce were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Metis Global Partners LLC grew its holdings in shares of Dayforce by 3.8% in the 4th quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock worth $382,000 after acquiring an additional 193 shares during the period. United Capital Financial Advisors LLC grew its holdings in Dayforce by 3.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after purchasing an additional 228 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Dayforce by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after purchasing an additional 277 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Dayforce by 3.5% in the fourth quarter. Neuberger Berman Group LLC now owns 9,076 shares of the company's stock valued at $659,000 after buying an additional 305 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Dayforce by 1.6% during the 4th quarter. Xponance Inc. now owns 22,494 shares of the company's stock worth $1,634,000 after buying an additional 357 shares during the last quarter.

Dayforce Price Performance

DAY opened at $53.51 on Wednesday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The company's 50 day simple moving average is $57.79 and its 200 day simple moving average is $67.16. The stock has a market capitalization of $8.47 billion, a PE ratio of 486.50, a P/E/G ratio of 2.49 and a beta of 1.20. 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 quarterly 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 net margin of 1.03% and a return on equity of 6.49%. As a group, sell-side analysts expect that Dayforce Inc will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Jefferies Financial Group dropped their price objective 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. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. 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 report on Wednesday, January 8th. Finally, Scotiabank cut their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Dayforce presently has a consensus rating of "Moderate Buy" and an average target price of $74.86.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now directly owns 105,691 shares of the company's stock, 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 filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.

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.

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