Dayforce Inc (NYSE:DAY) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,541 shares of the company's stock after buying an additional 14,261 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Dayforce worth $18,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DAY. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Dayforce by 18,250.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company's stock valued at $47,890,000 after acquiring an additional 657,013 shares in the last quarter. Vanguard Group Inc. raised its stake in Dayforce by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock valued at $1,258,072,000 after purchasing an additional 197,773 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Dayforce in the 3rd quarter valued at about $11,135,000. Wealthfront Advisers LLC acquired a new stake in shares of Dayforce during the 4th quarter worth about $12,105,000. Finally, EdgePoint Investment Group Inc. grew its holdings in shares of Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company's stock worth $650,726,000 after buying an additional 112,086 shares in the last quarter.

Dayforce Trading Down 8.6 %

DAY stock traded down $4.86 during midday trading on Friday, reaching $51.40. 3,276,120 shares of the company's stock traded hands, compared to its average volume of 1,728,543. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The company has a market capitalization of $8.13 billion, a P/E ratio of 467.32, a PEG ratio of 2.49 and a beta of 1.20. The business has a 50-day moving average price of $61.97 and a two-hundred day moving average price of $67.77. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

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Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 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%. Equities research analysts forecast that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Jefferies Financial Group reduced their price target on Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price objective on 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 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 research note on Friday, March 7th. Finally, Barclays decreased their price target on Dayforce from $80.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction 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 approximately $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.50% of the company's stock.

Dayforce Company 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.