Mirae Asset Global Investments Co. Ltd. Purchases 4,596 Shares of Dayforce Inc (NYSE:DAY)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Dayforce Inc (NYSE:DAY) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,028 shares of the company’s stock after acquiring an additional 4,596 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dayforce were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Yousif Capital Management LLC boosted its holdings in shares of Dayforce by 9.7% in the fourth quarter. Yousif Capital Management LLC now owns 22,423 shares of the company’s stock valued at $1,629,000 after buying an additional 1,985 shares during the period. E. Ohman J or Asset Management AB lifted its position in Dayforce by 37.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company’s stock valued at $588,000 after acquiring an additional 2,200 shares in the last quarter. Oak Harvest Investment Services acquired a new position in Dayforce in the 4th quarter worth $726,000. Forsta AP Fonden bought a new position in Dayforce during the 4th quarter worth about $2,673,000. Finally, Pacer Advisors Inc. raised its stake in shares of Dayforce by 20.0% in the 4th quarter. Pacer Advisors Inc. now owns 13,929 shares of the company’s stock valued at $1,012,000 after purchasing an additional 2,326 shares during the period.

Insiders Place Their Bets

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the sale, the chief operating officer now directly owns 121,022 shares in the company, valued at $9,229,137.72. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 860,697 shares of company stock valued at $68,456,936 over the last ninety days. 4.90% of the stock is currently owned by company insiders.

Dayforce Trading Down 0.8 %

Dayforce stock opened at $65.25 on Wednesday. The stock has a 50-day simple moving average of $72.73 and a 200 day simple moving average of $66.76. The stock has a market capitalization of $10.29 billion, a P/E ratio of 593.24, a PEG ratio of 2.41 and a beta of 1.26. 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 52 week low of $47.08 and a 52 week high of $82.69.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 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%. Analysts expect that Dayforce Inc will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Dayforce in a research report on Thursday, February 6th. Scotiabank decreased their price target on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group cut their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.64.

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.