Adage Capital Partners GP L.L.C. lowered its stake in Dayforce Inc (NYSE:DAY - Free Report) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,300 shares of the company's stock after selling 11,700 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.07% of Dayforce worth $8,521,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Dayforce during the 3rd quarter valued at $11,135,000. Smartleaf Asset Management LLC grew its stake in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after acquiring an additional 501 shares in the last quarter. Retirement Systems of Alabama bought a new stake in shares of Dayforce in the 3rd quarter worth $2,105,000. SG Americas Securities LLC grew its stake in shares of Dayforce by 167.7% in the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock worth $1,404,000 after acquiring an additional 12,103 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 during the last quarter.
Insider Buying and Selling
In related news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have commented on DAY. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Dayforce in a report on Thursday, February 6th. Citigroup cut their target price on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. KeyCorp cut their target price on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Jefferies Financial Group cut their target price on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.86.
Check Out Our Latest Research Report on DAY
Dayforce Stock Performance
Shares of NYSE:DAY opened at $57.25 on Tuesday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 520.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company has a 50-day moving average price of $56.98 and a 200-day moving average price of $67.07. The company has a current ratio of 1.13, a quick ratio of 1.15 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 - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.03% and a return on equity of 6.49%. As a group, equities analysts anticipate that Dayforce Inc will post 1.48 EPS for the current year.
Dayforce Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding DAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dayforce Inc (NYSE:DAY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Dayforce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dayforce wasn't on the list.
While Dayforce currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
