Proficio Capital Partners LLC purchased a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,087 shares of the company's stock, valued at approximately $1,314,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EdgePoint Investment Group Inc. lifted its stake in Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company's stock worth $650,726,000 after acquiring an additional 112,086 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Dayforce by 1.9% during the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company's stock worth $347,236,000 after purchasing an additional 103,794 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dayforce by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company's stock valued at $230,875,000 after buying an additional 30,302 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dayforce by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company's stock valued at $85,446,000 after buying an additional 8,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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.
Insider Buying and Selling
In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction 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 sale, the chief operating officer now directly owns 119,022 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by insiders.
Dayforce Stock Performance
NYSE:DAY traded down $0.99 during mid-day trading on Tuesday, reaching $53.73. The stock had a trading volume of 2,799,077 shares, compared to its average volume of 1,884,964. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The business has a 50 day simple moving average of $67.18 and a 200 day simple moving average of $67.94. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 488.45, a PEG ratio of 2.49 and a beta of 1.33.
Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. On average, analysts expect that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on DAY. Mizuho increased their price objective on Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. KeyCorp raised their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. 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. Citigroup dropped their price objective on Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.07.
View Our Latest Stock Analysis on Dayforce
Dayforce Profile
(
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.
Featured Stories
Before you consider Dayforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dayforce wasn't on the list.
While Dayforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
