Dayforce Inc (NYSE:DAY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,839,645 shares of the company's stock after purchasing an additional 57,621 shares during the period. Geode Capital Management LLC owned approximately 2.43% of Dayforce worth $278,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DAY. Quarry LP acquired a new position in Dayforce during the 3rd quarter worth about $51,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce during the fourth quarter worth about $61,000. AlphaQuest LLC boosted its stake in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Dayforce by 69.0% in the fourth 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. Finally, National Bank of Canada FI purchased a new stake in Dayforce during the 3rd quarter worth approximately $179,000.

Insider Activity

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company's stock.

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Dayforce Stock Performance

Shares of Dayforce stock traded down $2.48 during trading hours on Thursday, hitting $53.74. 215,599 shares of the company were exchanged, compared to its average volume of 1,731,430. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 488.54, a P/E/G ratio of 2.49 and a beta of 1.20. The business has a 50-day moving average of $60.02 and a 200-day moving average of $67.53. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69.

Dayforce (NYSE:DAY - Get Free Report) last posted 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, analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

DAY has been the subject of several research reports. Barclays dropped their price target on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Cowen upgraded Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Piper Sandler reiterated an "overweight" rating and issued a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Citigroup lowered their price target on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Dayforce presently has an average rating of "Moderate Buy" and a consensus price target of $77.86.

About Dayforce

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.