Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.44 Million Holdings in Dayforce Inc (NYSE:DAY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in Dayforce Inc (NYSE:DAY) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,532 shares of the company’s stock after selling 885 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dayforce were worth $2,436,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Metis Global Partners LLC increased its stake in shares of Dayforce by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock valued at $382,000 after buying an additional 193 shares during the period. Xponance Inc. increased its position in Dayforce by 1.6% during the 4th quarter. Xponance Inc. now owns 22,494 shares of the company’s stock valued at $1,634,000 after purchasing an additional 357 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Dayforce by 69.0% in 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 period. HighTower Advisors LLC boosted its stake in shares of Dayforce by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after purchasing an additional 602 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Dayforce by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,282 shares of the company’s stock worth $820,000 after buying an additional 650 shares during the period.

Dayforce Stock Performance

Shares of DAY opened at $60.26 on Tuesday. 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 quick ratio of 1.15 and a current ratio of 1.13. The stock has a 50 day moving average price of $64.14 and a two-hundred day moving average price of $67.90. The firm has a market capitalization of $9.54 billion, a P/E ratio of 547.90, a P/E/G ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Equities analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DAY shares. Scotiabank dropped their target price on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Citigroup decreased their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. TD Cowen raised 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 research note on Friday, March 7th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Dayforce presently has a consensus rating of “Moderate Buy” and an average price target of $77.86.

Insider Buying and Selling

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 shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

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.