11,326 Shares in Dayforce Inc (NYSE:DAY) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dayforce Inc (NYSE:DAY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,326 shares of the company's stock, valued at approximately $823,000.

Several other institutional investors have also made changes to their positions in DAY. Vanguard Group Inc. increased its holdings in Dayforce by 1.2% in 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 during the period. Geode Capital Management LLC lifted its stake in Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company's stock worth $278,193,000 after purchasing an additional 57,621 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Dayforce by 0.3% in 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. Pictet Asset Management Holding SA raised its holdings in shares of 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Dayforce by 18,250.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company's stock valued at $47,890,000 after acquiring an additional 657,013 shares during the period.

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Analyst Upgrades and Downgrades

DAY has been the topic of a number of research analyst reports. Citigroup decreased their price target on Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research report 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 research note on Wednesday, January 8th. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and lifted their target price for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.86.

Dayforce Stock Up 0.4 %

Shares of DAY stock traded up $0.22 during trading hours on Friday, hitting $54.34. 261,417 shares of the company were exchanged, compared to its average volume of 1,732,982. The business has a 50 day moving average of $59.68 and a two-hundred day moving average of $67.49. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company has a market capitalization of $8.60 billion, a PE ratio of 492.54, a PEG ratio of 2.49 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

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.