Invesco Ltd. lowered its stake in Dayforce Inc (NYSE:DAY - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,635,196 shares of the company's stock after selling 170,327 shares during the quarter. Invesco Ltd. owned 1.67% of Dayforce worth $191,421,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of DAY. Metis Global Partners LLC raised its position in shares of Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock worth $382,000 after purchasing an additional 193 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 buying an additional 277 shares in the last quarter. Xponance Inc. increased its position in shares of Dayforce by 1.6% during the fourth quarter. Xponance Inc. now owns 22,494 shares of the company's stock worth $1,634,000 after acquiring an additional 357 shares in the last quarter. Smartleaf Asset Management LLC raised 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 worth $89,000 after acquiring an additional 501 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Dayforce by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company's stock worth $368,000 after acquiring an additional 602 shares during the last quarter.
Wall Street Analyst Weigh In
DAY has been the subject of several analyst reports. TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price target (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Mizuho lowered their target price on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Citigroup cut their price target on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Dayforce currently has an average rating of "Moderate Buy" and a consensus price target of $76.79.
View Our Latest Report on Dayforce
Dayforce Price Performance
NYSE:DAY traded down $0.86 on Wednesday, reaching $54.95. 1,865,062 shares of the company's stock traded hands, compared to its average volume of 1,746,190. The stock has a 50-day simple moving average of $58.96 and a 200-day simple moving average of $67.42. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The firm has a market cap of $8.70 billion, a PE ratio of 499.59, a P/E/G ratio of 2.49 and a beta of 1.20. 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 (NYSE:DAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current year.
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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