Fisher Asset Management LLC lifted its stake in Dayforce Inc (NYSE:DAY - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,361 shares of the company's stock after purchasing an additional 15,359 shares during the quarter. Fisher Asset Management LLC's holdings in Dayforce were worth $4,021,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Dayforce during the 3rd quarter valued at $11,135,000. Adero Partners LLC purchased a new position in Dayforce during the 3rd quarter valued at $4,987,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Dayforce during the 3rd quarter valued at $19,273,000. KBC Group NV purchased a new position in Dayforce during the 3rd quarter valued at $946,000. Finally, CIBC Asset Management Inc purchased a new position in Dayforce during the 3rd quarter valued at $1,434,000.
Dayforce Stock Up 1.4 %
Shares of DAY traded up $0.76 during trading hours on Friday, hitting $55.43. The company had a trading volume of 2,975,520 shares, compared to its average volume of 1,834,203. The company's fifty day moving average price is $67.54 and its two-hundred day moving average price is $67.76. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company has a market capitalization of $8.81 billion, a PE ratio of 503.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. 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 announced its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (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%. As a group, equities analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on DAY shares. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Barclays lowered their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. KeyCorp upped their target price on Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reiterated 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, Citigroup lowered their target price on Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.07.
Get Our Latest Analysis on DAY
Insider Activity at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.90% of the stock is currently owned by corporate insiders.
Dayforce Company Profile
(
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.
Further Reading
Before you consider Dayforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dayforce wasn't on the list.
While Dayforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
