Dayforce Inc (NYSE:DAY) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in Dayforce Inc (NYSE:DAY) by 69.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,227 shares of the company’s stock after purchasing an additional 501 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Dayforce were worth $89,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DAY. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Dayforce in the 3rd quarter valued at about $19,273,000. Principal Financial Group Inc. acquired a new stake in Dayforce during the third quarter worth about $11,135,000. EdgePoint Investment Group Inc. raised its stake in Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after acquiring an additional 112,086 shares during the period. Janus Henderson Group PLC raised its stake in Dayforce by 1.9% during the third 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, Swedbank AB acquired a new stake in Dayforce during the third quarter worth about $5,292,000.

Dayforce Trading Up 1.4 %

Dayforce stock opened at $55.43 on Friday. The firm has a 50 day simple moving average of $67.54 and a 200-day simple moving average of $67.85. 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 $8.81 billion, a PE ratio of 503.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. As a group, equities research analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DAY. Barclays dropped their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and increased their price objective for the stock from $67.00 to $68.00 in a research note on Friday. Finally, BMO Capital Markets upped their target price on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the sale, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.

Dayforce 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.