Capital International Sarl Raises Stake in Dayforce Inc (NYSE:DAY)

Capital International Sarl increased its stake in Dayforce Inc (NYSE:DAY - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,291 shares of the company's stock after acquiring an additional 21,316 shares during the period. Capital International Sarl owned about 0.06% of Dayforce worth $7,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in Dayforce in the fourth quarter worth about $61,000. Federated Hermes Inc. bought a new stake in shares of Dayforce during the fourth quarter valued at approximately $72,000. AlphaQuest LLC raised its holdings in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after acquiring an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after purchasing an additional 501 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Dayforce by 52.1% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $213,000 after acquiring an additional 1,002 shares during the last quarter.

Dayforce Price Performance

Dayforce stock traded up $1.48 during mid-day trading on Thursday, reaching $57.05. 372,816 shares of the company's stock traded hands, compared to its average volume of 1,911,868. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. 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 stock has a 50 day moving average of $57.58 and a two-hundred day moving average of $67.08. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 518.57, a PEG ratio of 2.49 and a beta of 1.20.

Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results 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%. Equities analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler restated an "overweight" rating and issued a $83.00 price target (down from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Mizuho cut their price target on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group lowered their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and lifted their target price for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Finally, Cowen upgraded Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.86.

Insider Activity

In other news, EVP William Everett Mcdonald sold 2,000 shares of the firm's 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 sale, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.50% 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.