Dayforce Inc (NYSE:DAY) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,785 shares of the company's stock after acquiring an additional 14,426 shares during the period. Sterling Capital Management LLC's holdings in Dayforce were worth $3,616,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in Dayforce during the fourth quarter worth about $61,000. Federated Hermes Inc. purchased a new stake in shares of Dayforce in the 4th quarter valued at approximately $72,000. AlphaQuest LLC increased its holdings in shares of Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 buying an additional 501 shares during the period. Finally, National Bank of Canada FI acquired a new position in Dayforce in the third quarter valued at approximately $179,000.

Insider Buying and Selling

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents 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 hyperlink. 4.50% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several research firms have issued reports on DAY. Piper Sandler reissued an "overweight" rating and set a $83.00 target price (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Mizuho decreased their target price on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays dropped their price target on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $76.79.

Dayforce Stock Down 0.7 %

Shares of NYSE DAY traded down $0.39 during mid-day trading on Tuesday, hitting $55.77. The company had a trading volume of 1,549,115 shares, compared to its average volume of 1,745,628. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a market capitalization of $8.83 billion, a PE ratio of 507.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The business's 50-day simple moving average is $58.96 and its 200 day simple moving average is $67.42.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data 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, analysts predict that Dayforce Inc will post 1.48 earnings per share for the current year.

About Dayforce

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.