Cerity Partners LLC Cuts Holdings in Dayforce Inc (NYSE:DAY)

Cerity Partners LLC decreased its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,575 shares of the company's stock after selling 6,535 shares during the quarter. Cerity Partners LLC's holdings in Dayforce were worth $1,567,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Dayforce by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock valued at $1,258,072,000 after buying an additional 197,773 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company's stock valued at $278,193,000 after purchasing an additional 57,621 shares in the last quarter. FMR LLC increased its stake in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company's stock worth $233,547,000 after purchasing an additional 2,548,779 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Dayforce by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company's stock valued at $101,669,000 after purchasing an additional 4,584 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in Dayforce by 3.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 790,126 shares of the company's stock worth $57,395,000 after buying an additional 22,748 shares during the period.

Dayforce Trading Up 5.6 %

DAY stock traded up $2.99 during midday trading on Wednesday, reaching $56.57. The company's stock had a trading volume of 565,645 shares, compared to its average volume of 1,904,763. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 514.32, a PEG ratio of 2.49 and a beta of 1.20. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a fifty day simple moving average of $57.79 and a two-hundred day simple moving average of $67.16.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current year.

Insider Activity at Dayforce

In other news, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents 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 link. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. KeyCorp decreased their target price on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Mizuho decreased their price target on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Barclays cut their price target on Dayforce from $69.00 to $61.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Needham & Company LLC reiterated a "buy" rating and set 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 issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $74.86.

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.