Prudential Financial Inc. Sells 10,515 Shares of Dayforce Inc (NYSE:DAY)

Prudential Financial Inc. lowered its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,884 shares of the company's stock after selling 10,515 shares during the period. Prudential Financial Inc. owned 0.05% of Dayforce worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DAY. Quarry LP bought a new position in Dayforce during the 3rd quarter worth $51,000. Harvest Fund Management Co. Ltd bought a new position in Dayforce during the fourth quarter worth about $61,000. AlphaQuest LLC raised its stake in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Dayforce by 69.0% in 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. Finally, National Bank of Canada FI bought a new stake in Dayforce in the 3rd quarter valued at about $179,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAY. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price target on shares of Dayforce in a research report on Thursday, February 6th. Barclays dropped their price objective on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Scotiabank reduced their target price on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a report on Monday, March 17th. Stifel Nicolaus dropped their price target on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, Citigroup cut their price objective 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. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.86.

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Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.50% of the company's stock.

Dayforce Price Performance

Dayforce stock traded down $4.86 during mid-day trading on Friday, reaching $51.40. The company had a trading volume of 3,276,120 shares, compared to its average volume of 1,728,543. The business has a fifty day simple moving average of $61.97 and a 200 day simple moving average of $67.77. The company has a market cap of $8.13 billion, a P/E ratio of 467.32, a P/E/G ratio of 2.49 and a beta of 1.20. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. On average, equities research analysts predict that Dayforce Inc will post 1.48 earnings per share for the current year.

Dayforce Company Profile

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.