Proficio Capital Partners LLC purchased a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,087 shares of the company's stock, valued at approximately $1,314,000.
A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Dayforce by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company's stock valued at $101,669,000 after acquiring an additional 4,584 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after purchasing an additional 501 shares during the period. Metis Global Partners LLC raised its stake in shares of Dayforce by 3.8% during the 4th quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock valued at $382,000 after purchasing an additional 193 shares during the period. Fisher Asset Management LLC lifted its holdings in Dayforce by 38.4% during the 4th quarter. Fisher Asset Management LLC now owns 55,361 shares of the company's stock worth $4,021,000 after purchasing an additional 15,359 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in Dayforce in the 4th quarter worth about $227,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Scotiabank decreased their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Citigroup reduced their price target on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Piper Sandler reiterated an "overweight" rating and issued a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a "buy" rating and set a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.86.
View Our Latest Stock Analysis on DAY
Dayforce Trading Up 3.0 %
Shares of Dayforce stock traded up $1.76 during trading on Monday, reaching $60.26. The company's stock had a trading volume of 2,745,175 shares, compared to its average volume of 1,684,369. 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. The firm's 50-day moving average is $64.35 and its two-hundred day moving average is $67.86. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 547.90, a PEG ratio of 2.49 and a beta of 1.33.
Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly 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 net margin of 1.03% and a return on equity of 6.49%. On average, sell-side analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current year.
Insider Buying and Selling
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 transaction of $71,330.00. Following the completion of the sale, the chief operating officer now owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is 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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