Meiji Yasuda Asset Management Co Ltd. grew its position in Dayforce Inc (NYSE:DAY - Free Report) by 202.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,710 shares of the company's stock after purchasing an additional 20,550 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Dayforce were worth $2,231,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in DAY. Principal Financial Group Inc. bought a new position in Dayforce in the 3rd quarter worth approximately $11,135,000. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 501 shares in the last quarter. Retirement Systems of Alabama acquired a new position in shares of Dayforce during the third quarter valued at $2,105,000. SG Americas Securities LLC increased its holdings in shares of Dayforce by 167.7% during the fourth quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock valued at $1,404,000 after purchasing an additional 12,103 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Dayforce by 31.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock valued at $1,398,000 after purchasing an additional 4,596 shares in the last quarter.
Insider Transactions at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the company's 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 owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The sale 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 insiders.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the company from $67.00 to $68.00 in a report on Friday, March 7th. Jefferies Financial Group dropped their target price on Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Barclays cut their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Scotiabank lowered their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.86.
Check Out Our Latest Stock Report on Dayforce
Dayforce Trading Down 2.2 %
DAY traded down $1.34 during trading on Friday, reaching $58.31. The company had a trading volume of 1,361,223 shares, compared to its average volume of 1,731,721. The firm's 50-day simple moving average is $63.29 and its 200 day simple moving average is $67.91. 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 company has a market cap of $9.23 billion, a price-to-earnings ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69.
Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 anticipate that Dayforce Inc will post 1.48 earnings per share for the current year.
Dayforce 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.
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