Daiwa Securities Group Inc. Grows Position in Dayforce Inc (NYSE:DAY)

Daiwa Securities Group Inc. grew its stake in shares of Dayforce Inc (NYSE:DAY) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,129 shares of the company’s stock after acquiring an additional 1,555 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dayforce were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Dayforce by 1.9% during the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock worth $347,236,000 after purchasing an additional 103,794 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dayforce by 0.8% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $101,669,000 after purchasing an additional 4,584 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dayforce by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock worth $60,067,000 after purchasing an additional 34,731 shares during the last quarter.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

DAY has been the topic of several analyst reports. Stifel Nicolaus decreased their price objective on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Scotiabank decreased their price objective on Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group decreased their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (down previously from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Finally, Citigroup reduced their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.07.

Dayforce Trading Up 6.3 %

NYSE:DAY opened at $55.45 on Friday. The business’s 50-day moving average is $65.69 and its two-hundred day moving average is $67.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The firm has a market capitalization of $8.81 billion, a PE ratio of 504.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last released its quarterly earnings data 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%. Research analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal 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.