Dayforce Inc (NYSE:DAY) Shares Purchased by Capital International Sarl

Capital International Sarl raised its holdings in Dayforce Inc (NYSE:DAY) by 27.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 99,291 shares of the company’s stock after acquiring an additional 21,316 shares during the period. Capital International Sarl’s holdings in Dayforce were worth $7,212,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in Dayforce in the 4th 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 boosted its stake in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its position in 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in Dayforce by 52.1% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $213,000 after purchasing an additional 1,002 shares during the period.

Dayforce Stock Performance

NYSE DAY opened at $54.16 on Friday. The company’s fifty day moving average is $58.30 and its two-hundred day moving average is $67.24. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. 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 firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 492.38, a P/E/G ratio of 2.49 and a beta of 1.20.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 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%. Equities research analysts forecast that Dayforce Inc will post 1.48 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on DAY shares. Scotiabank dropped their price target on Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group decreased their price target on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus cut their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $68.00 in a report on Friday, March 7th. Finally, Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Dayforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

Insiders Place Their Bets

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at approximately $5,935,606.56. The trade was a 1.86 % 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. Corporate insiders own 4.50% of the company’s stock.

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.