Dayforce Inc (NYSE:DAY) Shares Purchased by Inceptionr LLC

Inceptionr LLC lifted its stake in Dayforce Inc (NYSE:DAY - Free Report) by 141.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,152 shares of the company's stock after purchasing an additional 11,814 shares during the period. Inceptionr LLC's holdings in Dayforce were worth $1,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new stake in Dayforce in the 3rd quarter valued at about $40,000. Quarry LP acquired a new stake in Dayforce in the third quarter valued at approximately $51,000. Smartleaf Asset Management LLC lifted its stake in Dayforce by 69.0% in the fourth 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. US Bancorp DE grew its holdings in Dayforce by 66.3% during the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company's stock worth $145,000 after acquiring an additional 942 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in Dayforce during the 3rd quarter worth approximately $179,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Mizuho lifted their price target on Dayforce from $85.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Needham & Company LLC reissued a "buy" rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.07.

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Dayforce Stock Performance

NYSE DAY traded down $0.78 during trading on Monday, reaching $54.64. The company's stock had a trading volume of 3,205,772 shares, compared to its average volume of 1,864,682. The business's fifty day moving average price is $67.54 and its 200-day moving average price is $67.94. Dayforce Inc has a twelve month low of $47.08 and a twelve month 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 firm has a market cap of $8.68 billion, a price-to-earnings ratio of 496.75, a P/E/G ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly 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, analysts anticipate that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Wednesday, January 15th. The shares were 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 in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company's stock.

Dayforce 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.