PEAK6 LLC bought a new position in Dayforce Inc (NYSE:DAY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,835 shares of the company's stock, valued at approximately $424,000.
Several other large investors also recently modified their holdings of DAY. Harvest Fund Management Co. Ltd bought a new stake in shares of Dayforce during the fourth quarter valued at approximately $61,000. Federated Hermes Inc. bought a new stake in Dayforce during the 4th quarter valued at $72,000. AlphaQuest LLC raised its holdings in Dayforce by 14,800.0% during the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 valued at $89,000 after buying an additional 501 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $213,000 after buying an additional 1,002 shares during the last quarter.
Analyst Ratings Changes
A number of equities research analysts recently commented on DAY shares. Barclays lowered their price target on Dayforce from $69.00 to $61.00 and set an "equal weight" rating for the company in a research report on Monday. Needham & Company LLC restated a "buy" rating and set a $95.00 price target on shares of Dayforce in a report on Thursday, February 6th. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Stifel Nicolaus dropped their target price on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 target price (down 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $74.86.
Get Our Latest Stock Report on DAY
Dayforce Price Performance
Shares of DAY stock traded up $0.54 during trading on Friday, hitting $57.81. The company had a trading volume of 841,681 shares, compared to its average volume of 1,752,463. The stock's 50-day moving average is $57.39 and its two-hundred day moving average is $67.05. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 525.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69.
Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.
Insider Activity at Dayforce
In related news, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
About Dayforce
(
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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