Vanguard Group Inc. raised its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,319,275 shares of the company's stock after acquiring an additional 197,773 shares during the quarter. Vanguard Group Inc. owned approximately 10.98% of Dayforce worth $1,258,072,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in Dayforce in the third quarter worth $11,135,000. Smartleaf Asset Management LLC boosted its holdings in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after buying an additional 501 shares during the period. Retirement Systems of Alabama acquired a new stake in Dayforce during the third quarter worth about $2,105,000. SG Americas Securities LLC raised its stake in Dayforce by 167.7% during the fourth quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock worth $1,404,000 after acquiring an additional 12,103 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Dayforce by 31.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock worth $1,398,000 after acquiring an additional 4,596 shares during the last quarter.
Dayforce Stock Performance
DAY stock traded up $0.01 on Tuesday, reaching $58.34. 1,048,516 shares of the company were exchanged, compared to its average volume of 1,727,356. The firm has a market capitalization of $9.23 billion, a PE ratio of 530.38, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The stock's fifty day moving average price is $62.84 and its 200 day moving average price is $67.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.
Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS 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 fiscal year.
Insider Buying and Selling at Dayforce
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 shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares of the company's stock, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.50% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Citigroup reduced their price objective on Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Cowen raised Dayforce from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.86.
Check Out Our Latest Report on Dayforce
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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