HighTower Advisors LLC Has $416,000 Stock Position in Dayforce Inc (NYSE:DAY)

HighTower Advisors LLC cut its stake in shares of Dayforce Inc (NYSE:DAY) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,728 shares of the company’s stock after selling 355 shares during the period. HighTower Advisors LLC’s holdings in Dayforce were worth $416,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DAY. Principal Financial Group Inc. acquired a new stake in Dayforce in the 3rd quarter valued at about $11,135,000. Wealthfront Advisers LLC bought a new stake in Dayforce in the fourth quarter valued at approximately $12,105,000. EdgePoint Investment Group Inc. lifted its position in shares of Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after buying an additional 112,086 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of 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. Finally, Amundi raised its stake in Dayforce by 25.1% in the 4th quarter. Amundi now owns 487,630 shares of the company’s stock valued at $34,197,000 after acquiring an additional 97,915 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DAY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price objective on shares of Dayforce in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Barclays decreased 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. Finally, Scotiabank dropped their price target on Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.86.

Insider Buying and Selling

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Dayforce Price Performance

DAY stock opened at $58.42 on Tuesday. The company’s 50-day moving average price is $63.07 and its two-hundred day moving average price is $67.98. The firm has a market cap of $9.25 billion, a P/E ratio of 531.14, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69.

Dayforce (NYSE:DAY) last announced 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%. On average, analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

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.