3,545 Shares in Dayforce Inc (NYSE:DAY) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new stake in shares of Dayforce Inc (NYSE:DAY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,545 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors have also added to or reduced their stakes in DAY. HighTower Advisors LLC grew its holdings in shares of Dayforce by 11.0% in the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after purchasing an additional 602 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Dayforce by 1.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock valued at $3,448,000 after purchasing an additional 640 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Dayforce in the third quarter worth $40,000. Stifel Financial Corp lifted its position in Dayforce by 16.0% in the third quarter. Stifel Financial Corp now owns 5,001 shares of the company’s stock worth $306,000 after buying an additional 691 shares during the last quarter. Finally, Quarry LP bought a new stake in Dayforce in the third quarter worth $51,000.

Dayforce Trading Down 3.8 %

Dayforce stock opened at $64.72 on Friday. 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 52 week low of $47.08 and a 52 week high of $82.69. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 588.42, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The stock has a 50-day moving average price of $70.79 and a 200 day moving average price of $67.25.

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

Wall Street Analysts Forecast Growth

DAY has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $83.00 target price (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. KeyCorp lifted their target price on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Barclays decreased their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Stifel Nicolaus decreased their target price on Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Insider Buying and Selling at Dayforce

In other news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the transaction, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

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.