Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,057 Shares of Dayforce Inc (NYSE:DAY)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dayforce Inc (NYSE:DAY) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,578 shares of the company’s stock after purchasing an additional 4,057 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dayforce were worth $3,383,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DAY. EdgePoint Investment Group Inc. boosted its holdings in shares of Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after purchasing an additional 112,086 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Dayforce by 1.9% in the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after buying an additional 103,794 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dayforce by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after purchasing an additional 30,302 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dayforce by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company’s stock valued at $101,669,000 after acquiring an additional 4,584 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $60,067,000 after purchasing an additional 34,731 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on DAY shares. Citigroup cut their price target on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and issued a $95.00 target price on shares of Dayforce in a research note on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Barclays reduced their price objective on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Stifel Nicolaus cut their price target 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. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

Dayforce Trading Up 6.3 %

Shares of DAY stock opened at $55.45 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market capitalization of $8.81 billion, a P/E ratio of 504.12, a PEG ratio of 2.49 and a beta of 1.33. The stock’s fifty day moving average is $65.69 and its two-hundred day moving average is $67.75. 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 (NYSE:DAY) last posted its quarterly earnings results 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%. Research analysts expect that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.90% of the company’s stock.

Dayforce 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.