Wealthfront Advisers LLC bought a new position in Dayforce Inc (NYSE:DAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 166,643 shares of the company's stock, valued at approximately $12,105,000. Wealthfront Advisers LLC owned about 0.11% of Dayforce at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. grew its holdings in Dayforce by 1.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company's stock worth $650,726,000 after buying an additional 112,086 shares in the last quarter. Janus Henderson Group PLC boosted its position in Dayforce by 1.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company's stock worth $347,236,000 after acquiring an additional 103,794 shares during the period. Geode Capital Management LLC grew its stake in shares of Dayforce by 0.8% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $101,669,000 after purchasing an additional 4,584 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $60,067,000 after purchasing an additional 34,731 shares in the last quarter.
A number of brokerages recently issued reports on DAY. Stifel Nicolaus decreased 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. Jefferies Financial Group decreased their price objective 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. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Finally, Piper Sandler reissued an "overweight" rating and issued a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $79.07.
Read Our Latest Research Report on DAY
In related news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction 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 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 SEC, which is available through this hyperlink. Company insiders own 4.90% of the company's stock.
Shares of Dayforce stock traded down $0.31 during midday trading on Wednesday, hitting $53.41. The company's stock had a trading volume of 1,392,832 shares, compared to its average volume of 1,874,498. The firm has a market capitalization of $8.49 billion, a P/E ratio of 485.57, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $66.80 and a 200-day simple moving average of $67.92.
Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. As a group, sell-side analysts expect that Dayforce Inc will post 1.48 earnings per share for the current year.
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.
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