Ensign Peak Advisors Inc lessened its stake in Dayforce Inc (NYSE:DAY - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,284 shares of the company's stock after selling 7,135 shares during the quarter. Ensign Peak Advisors Inc's holdings in Dayforce were worth $4,670,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DAY. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce during the fourth quarter worth $61,000. Federated Hermes Inc. acquired a new position in shares of Dayforce in the 4th quarter valued at about $72,000. AlphaQuest LLC grew its position in shares of Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after acquiring an additional 501 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in Dayforce during the fourth quarter worth about $217,000.
Dayforce Stock Performance
Shares of NYSE DAY traded down $0.60 during midday trading on Tuesday, reaching $58.94. 143,745 shares of the company traded hands, compared to its average volume of 1,926,764. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The stock has a 50-day moving average price of $56.66 and a 200 day moving average price of $66.26. 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 company has a market cap of $9.42 billion, a price-to-earnings ratio of 535.88, a PEG ratio of 2.49 and a beta of 1.17.
Insider Activity
In related news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the sale, the executive vice president now directly owns 150,237 shares in the company, valued at approximately $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on 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 owns 105,691 shares of the company's stock, valued at $5,935,606.56. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.50% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on DAY. BMO Capital Markets lifted their target price on Dayforce from $64.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Barclays cut their price target on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus lowered their price objective on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group dropped their target price on Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho cut their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.54.
Get Our Latest Analysis on DAY
About Dayforce
(
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.
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