National Bank of Canada FI increased its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 1,247.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,365 shares of the company's stock after purchasing an additional 36,443 shares during the period. National Bank of Canada FI's holdings in Dayforce were worth $2,859,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAY. Principal Financial Group Inc. bought a new position in shares of Dayforce during the 3rd quarter valued at $11,135,000. Smartleaf Asset Management LLC lifted its holdings in Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after acquiring an additional 501 shares during the period. Retirement Systems of Alabama purchased a new position in Dayforce in the third quarter worth about $2,105,000. SG Americas Securities LLC grew its stake in shares of Dayforce by 167.7% during the 4th 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. increased its position in shares of Dayforce by 31.8% during the 4th 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 during the last quarter.
Dayforce Trading Up 1.7 %
DAY traded up $0.93 on Friday, hitting $55.05. The company had a trading volume of 1,284,798 shares, compared to its average volume of 1,741,172. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $59.35 and its 200 day simple moving average is $67.47. The company has a market cap of $8.71 billion, a PE ratio of 500.46, a PEG ratio of 2.49 and a beta of 1.20.
Dayforce (NYSE:DAY - Get Free Report) last released 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 net margin of 1.03% and a return on equity of 6.49%. Equities research analysts expect that Dayforce Inc will post 1.48 EPS for the current year.
Insider Transactions at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their price objective on Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Barclays decreased their target price on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Scotiabank reduced their price objective on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a research note on Monday, March 17th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 target price (down previously from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.86.
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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.
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