Hsbc Holdings PLC lifted its stake in Dayforce Inc (NYSE:DAY - Free Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,724 shares of the company's stock after purchasing an additional 38,186 shares during the quarter. Hsbc Holdings PLC owned 0.15% of Dayforce worth $16,921,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Dayforce in the fourth quarter worth about $61,000. Federated Hermes Inc. purchased a new stake in shares of Dayforce in the 4th quarter valued at approximately $72,000. AlphaQuest LLC boosted its stake in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its position in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after purchasing an additional 501 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Dayforce by 52.1% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $213,000 after purchasing an additional 1,002 shares during the period.
Insider Buying and Selling
In other news, EVP William Everett Mcdonald sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently weighed in on DAY. Mizuho lowered their price target on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. TD Cowen upgraded Dayforce from a "hold" rating to a "buy" rating and upped their target price for the company from $67.00 to $68.00 in a report on Friday, March 7th. Jefferies Financial Group reduced their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on shares of Dayforce from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.86.
Read Our Latest Report on DAY
Dayforce Price Performance
Shares of NYSE:DAY opened at $57.82 on Friday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 525.68, a P/E/G ratio of 2.49 and a beta of 1.20. The business has a 50-day moving average of $57.20 and a two-hundred day moving average of $67.07. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.
Dayforce (NYSE:DAY - Get Free Report) last posted its earnings results 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%. On average, equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.
Dayforce Company Profile
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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
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