Raymond James Financial Inc. purchased a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,286 shares of the company's stock, valued at approximately $1,764,000.
A number of other institutional investors have also made changes to their positions in DAY. EdgePoint Investment Group Inc. increased its position in Dayforce by 1.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company's stock worth $650,726,000 after buying an additional 112,086 shares during the period. Janus Henderson Group PLC increased its position in 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 acquiring an additional 103,794 shares during the period. Geode Capital Management LLC increased its position in Dayforce by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company's stock worth $230,875,000 after acquiring an additional 30,302 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 4,584 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dayforce by 3.7% in 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 purchasing an additional 34,731 shares during the last quarter.
Insider Activity at Dayforce
In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the 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 $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.
Dayforce Price Performance
Dayforce stock traded down $4.86 during trading hours on Friday, hitting $51.40. 3,276,120 shares of the stock were exchanged, compared to its average volume of 1,726,436. The stock has a market capitalization 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. The business's 50-day moving average is $61.97 and its two-hundred day moving average is $67.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69.
Dayforce (NYSE:DAY - Get Free Report) last released 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 return on equity of 6.49% and a net margin of 1.03%. Equities research analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on DAY shares. Jefferies Financial Group cut their price objective on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Citigroup cut their price target on Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Scotiabank reduced their price objective on Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a research report on Monday, March 17th. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.86.
Read Our Latest Analysis on Dayforce
Dayforce Company 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.
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