Dayforce Inc (NYSE:DAY) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its holdings in Dayforce Inc (NYSE:DAY) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,058 shares of the company’s stock after purchasing an additional 1,743 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Dayforce were worth $803,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in shares of Dayforce in the 3rd quarter worth approximately $11,135,000. Smartleaf Asset Management LLC increased its position in shares of Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares in the last quarter. Retirement Systems of Alabama acquired a new position in shares of Dayforce during the 3rd quarter worth $2,105,000. SG Americas Securities LLC raised its stake in shares of Dayforce by 167.7% during the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company’s stock worth $1,404,000 after buying an additional 12,103 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Dayforce by 31.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company’s stock worth $1,398,000 after buying an additional 4,596 shares in the last quarter.

Dayforce Stock Up 1.7 %

Shares of NYSE DAY opened at $59.36 on Thursday. The stock has a market capitalization of $9.39 billion, a PE ratio of 539.69, 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. The firm has a fifty day moving average of $62.63 and a 200-day moving average of $67.91. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69.

Dayforce (NYSE:DAY) last announced its quarterly 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%. On average, analysts anticipate that Dayforce Inc will post 1.48 EPS for the current year.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $68.00 in a report on Friday, March 7th. Citigroup cut their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays cut their target price on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 price target on shares of Dayforce in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.86.

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.