Blair William & Co. IL Has $7.04 Million Stock Holdings in Dayforce Inc (NYSE:DAY)

Blair William & Co. IL decreased its position in shares of Dayforce Inc (NYSE:DAY) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,940 shares of the company’s stock after selling 8,223 shares during the period. Blair William & Co. IL owned 0.06% of Dayforce worth $7,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Dayforce in the 3rd quarter valued at approximately $51,000. Harvest Fund Management Co. Ltd bought a new stake in Dayforce in the fourth quarter worth approximately $61,000. AlphaQuest LLC grew its position in Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after acquiring an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC increased its stake 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 worth $89,000 after purchasing an additional 501 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Dayforce during the 3rd quarter valued at $179,000.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Dayforce Stock Down 2.2 %

DAY stock opened at $58.31 on Friday. The business’s 50-day simple moving average is $63.29 and its 200 day simple moving average is $67.91. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a market cap of $9.23 billion, a PE ratio of 530.15, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (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, research analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on DAY shares. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Scotiabank lowered their price objective on Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Dayforce presently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

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.