Capital Research Global Investors Has $1.32 Billion Stock Holdings in Dayforce Inc (NYSE:DAY)

Capital Research Global Investors decreased its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 0.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,152,390 shares of the company's stock after selling 4,775 shares during the quarter. Capital Research Global Investors owned approximately 11.51% of Dayforce worth $1,318,586,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DAY. Capital World Investors lifted its position in Dayforce by 1.0% during the 4th quarter. Capital World Investors now owns 13,654,333 shares of the company's stock worth $991,851,000 after buying an additional 128,578 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Dayforce in the fourth quarter valued at about $12,201,000. Capital International Ltd. CA raised its holdings in Dayforce by 17.1% during the fourth quarter. Capital International Ltd. CA now owns 63,531 shares of the company's stock worth $4,615,000 after acquiring an additional 9,286 shares in the last quarter. Capital Group Investment Management PTE. LTD. boosted its position in Dayforce by 16.2% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 13,217 shares of the company's stock valued at $960,000 after purchasing an additional 1,839 shares during the last quarter. Finally, Capital International Investors grew its stake in Dayforce by 3.9% in the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company's stock valued at $1,282,800,000 after purchasing an additional 667,065 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday. Mizuho cut their price target on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus lowered their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $95.00 price target on shares of Dayforce in a 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.86.

Dayforce Price Performance

Shares of NYSE:DAY traded up $1.60 during trading on Thursday, reaching $57.17. 471,266 shares of the company traded hands, compared to its average volume of 1,749,847. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The firm has a market capitalization of $9.05 billion, a PE ratio of 519.87, a PEG ratio of 2.49 and a beta of 1.20. The company's 50 day moving average is $57.58 and its two-hundred day moving average is $67.08.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Dayforce Inc will post 1.48 earnings per share for the current year.

Dayforce Company 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.