Pictet Asset Management Holding SA lifted its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 790,126 shares of the company's stock after buying an additional 22,748 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.50% of Dayforce worth $57,395,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DAY. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Dayforce in the 3rd quarter valued at about $220,000. Cerity Partners LLC boosted its holdings in Dayforce by 39.7% in the third quarter. Cerity Partners LLC now owns 28,110 shares of the company's stock valued at $1,722,000 after purchasing an additional 7,992 shares in the last quarter. Quantbot Technologies LP increased its stake in Dayforce by 204.7% in the third quarter. Quantbot Technologies LP now owns 7,870 shares of the company's stock valued at $482,000 after purchasing an additional 5,287 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Dayforce during the third quarter worth approximately $2,604,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dayforce by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company's stock worth $60,067,000 after buying an additional 34,731 shares during the last quarter.
Wall Street Analysts Forecast Growth
DAY has been the topic of a number of recent analyst reports. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Barclays cut their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. TD Cowen raised 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 report on Friday, March 7th. Citigroup cut their price target on Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler reissued an "overweight" rating and issued a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $77.86.
Get Our Latest Report on DAY
Dayforce Stock Performance
Shares of Dayforce stock traded down $3.68 on Thursday, reaching $55.62. 652,286 shares of the stock were exchanged, compared to its average volume of 1,885,538. The firm has a market capitalization of $8.80 billion, a PE ratio of 505.68, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The business has a fifty day moving average price of $62.63 and a two-hundred day moving average price of $67.91. 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 (NYSE:DAY - Get Free Report) last released 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, research analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate 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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