2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lifted its holdings in shares of Dayforce Inc ( NYSE:DAY – Free Report ) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 32,364 shares of the company’s stock after buying an additional 857 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dayforce were worth $2,350,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Dayforce by 18,250.
4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock worth $47,890,000 after acquiring an additional 657,013 shares during the period.
California Public Employees Retirement System raised its position in shares of Dayforce by 189.0% during the 4th quarter. California Public Employees Retirement System now owns 567,561 shares of the company’s stock worth $41,228,000 after purchasing an additional 371,153 shares during the last quarter.
Vanguard Group Inc. raised its position in shares of Dayforce by 1.2% during the 4th quarter.
Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock worth $1,258,072,000 after purchasing an additional 197,773 shares during the last quarter. Principal Financial Group Inc.
purchased a new position in Dayforce in the 3rd quarter valued at about $11,135,000. Finally, Wealthfront Advisers LLC purchased a new stake in Dayforce during the 4th quarter worth approximately $12,105,000. Wall Street Analyst Weigh In Several research analysts recently commented on the company.
Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday.
Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (down from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th.
Stifel Nicolaus dropped their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 6th.
Jefferies Financial Group decreased their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th.
Finally, Needham & Company LLC restated a “buy” rating and issued a $95.00 price target on shares of Dayforce in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.79. Dayforce Stock Down 1.
5 % DAY opened at $54.16 on Friday. Dayforce Inc has a 12 month low of $47.
08 and a 12 month high of $82.69. The business has a 50-day moving average of $58.
30 and a two-hundred day moving average of $67.24. The company has a debt-to-equity ratio of 0.
47, a current ratio of 1.13 and a quick ratio of 1.15.
The stock 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. Dayforce ( NYSE:DAY – Get Free Report ) last released its earnings results 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%. On average, research analysts expect that Dayforce Inc will post 1.48 earnings per share for the current year.
Insider Transactions at Dayforce In other news, EVP William Everett Mcdonald sold 2,000 shares of the business’s 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.
The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Insiders own 4.50% of the company’s stock. Dayforce Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding DAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dayforce Inc ( NYSE:DAY – Free Report ).
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