Dayforce Inc (NYSE:DAY) Shares Acquired by Capital International Investors

Capital International Investors increased its holdings in Dayforce Inc (NYSE:DAY) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,659,706 shares of the company’s stock after buying an additional 667,065 shares during the period. Capital International Investors owned approximately 0.11% of Dayforce worth $1,282,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DAY. Capital International Sarl grew its position in Dayforce by 27.3% during the 4th quarter. Capital International Sarl now owns 99,291 shares of the company’s stock worth $7,212,000 after purchasing an additional 21,316 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Dayforce by 1.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 59,211 shares of the company’s stock worth $4,297,000 after buying an additional 988 shares during the last quarter. PEAK6 LLC acquired a new position in Dayforce in the 4th quarter valued at about $424,000. United Capital Financial Advisors LLC raised its stake in Dayforce by 3.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company’s stock valued at $490,000 after acquiring an additional 228 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in Dayforce by 70.7% during the 4th quarter. Guggenheim Capital LLC now owns 11,152 shares of the company’s stock worth $810,000 after acquiring an additional 4,619 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DAY. Citigroup dropped 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. Piper Sandler reaffirmed 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. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Mizuho lowered their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Barclays dropped their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.79.

Insider Buying and Selling

In related news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was 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 owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.50% of the company’s stock.

Dayforce Stock Down 1.5 %

Dayforce stock opened at $54.16 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The stock’s fifty day moving average is $58.52 and its two-hundred day moving average is $67.28. 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 (NYSE:DAY) last posted its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. Analysts predict that Dayforce Inc will post 1.48 EPS 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.