Capital International Ltd. CA Increases Stock Holdings in Dayforce Inc (NYSE:DAY)

Capital International Ltd. CA boosted its stake in Dayforce Inc (NYSE:DAY) by 17.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,531 shares of the company’s stock after buying an additional 9,286 shares during the quarter. Capital International Ltd. CA’s holdings in Dayforce were worth $4,615,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dayforce during the fourth quarter valued at approximately $61,000. Federated Hermes Inc. bought a new stake in shares of Dayforce during the 4th quarter worth $72,000. AlphaQuest LLC boosted its holdings in shares of 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 buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $213,000 after buying an additional 1,002 shares during the last quarter.

Dayforce Trading Down 1.5 %

Dayforce stock opened at $54.16 on Friday. 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 Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The stock has a market cap of $8.57 billion, a P/E ratio of 492.38, a PEG ratio of 2.49 and a beta of 1.20. The firm’s fifty day moving average price is $58.30 and its 200-day moving average price is $67.24.

Dayforce (NYSE:DAY) last announced its 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%. Equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 price target (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their target price on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barclays lowered their price objective on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho lowered their price target on shares of Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Dayforce currently has an average rating of “Moderate Buy” and an average target price of $76.79.

Insider Buying and Selling

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 shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the sale, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

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.