Mirae Asset Global Investments Co. Ltd. Buys 4,596 Shares of Dayforce Inc (NYSE:DAY)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,028 shares of the company's stock after buying an additional 4,596 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Dayforce were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Creative Planning bought a new stake in shares of Dayforce in the 2nd quarter worth approximately $276,000. SG Americas Securities LLC bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $442,000. CWM LLC bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $206,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $74,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $278,000.

Analyst Upgrades and Downgrades

DAY has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday, February 6th. Citigroup lowered their target price on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their target price 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. Barclays lowered their target price on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Scotiabank lowered their target price on shares of Dayforce from $75.00 to $72.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.64.

Dayforce Price Performance

Shares of DAY traded down $0.22 during mid-day trading on Friday, reaching $66.47. 1,344,530 shares of the stock traded hands, compared to its average volume of 1,812,263. The firm has a fifty day moving average price of $71.66 and a 200 day moving average price of $67.02. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 604.28, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 Inc has a 1 year low of $47.08 and a 1 year high of $82.69.

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 return on equity of 6.49% and a net margin of 1.03%. As a group, equities research analysts predict that Dayforce Inc will post 1.41 earnings per share for the current year.

Insider Buying and Selling

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the business's 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 completion of the sale, the chief operating officer now directly owns 119,022 shares of the company's stock, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares of the company's stock, valued at $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.

About Dayforce

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.