Swiss National Bank Decreases Holdings in Dayforce Inc (NYSE:DAY)

Swiss National Bank lowered its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,600 shares of the company's stock after selling 22,000 shares during the quarter. Swiss National Bank owned 0.28% of Dayforce worth $32,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Dayforce during the third quarter worth about $51,000. AlphaQuest LLC boosted its stake in Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after acquiring an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC grew 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 acquiring an additional 501 shares during the period. National Bank of Canada FI purchased a new stake in shares of Dayforce during the 3rd quarter worth approximately $179,000. Finally, GAMMA Investing LLC raised its holdings in shares of Dayforce by 52.1% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $213,000 after purchasing an additional 1,002 shares during the period.

Wall Street Analysts Forecast Growth

DAY has been the subject of a number of recent research reports. Piper Sandler reissued an "overweight" rating and issued a $83.00 target price (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Barclays decreased 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. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Dayforce in a report on Thursday, February 6th. Jefferies Financial Group reduced their target price on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.86.

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Dayforce Price Performance

Shares of DAY stock traded up $0.76 on Friday, reaching $58.40. The company's stock had a trading volume of 4,719,753 shares, compared to its average volume of 1,681,051. The company has a market capitalization of $9.24 billion, a P/E ratio of 530.94, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The stock's 50 day simple moving average is $64.59 and its 200-day simple moving average is $67.67. 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 (NYSE:DAY - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. As a group, equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling 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 sale, the chief operating officer now owns 119,022 shares in the company, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.90% of the stock is currently owned by company insiders.

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.