Fuller & Thaler Asset Management Inc. Has $56.03 Million Holdings in Dayforce, Inc. $DAY

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Dayforce, Inc. by 27.7% during the first quarter, owning approximately 0.60% of the company valued at $56 million.
• Dayforce's recent quarterly earnings showed $0.61 EPS, surpassing estimates, and a 9.8% revenue increase year-over-year, generating $464.7 million.
• Analysts have mixed views on Dayforce, with target prices ranging from $50.00 to $95.00 and a consensus rating of "Moderate Buy."

Fuller & Thaler Asset Management Inc. increased its holdings in Dayforce, Inc. (NYSE:DAY - Free Report) by 27.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 960,484 shares of the company's stock after purchasing an additional 208,078 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.60% of Dayforce worth $56,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAY. Invesco Ltd. raised its holdings in shares of Dayforce by 36.0% in the 1st quarter. Invesco Ltd. now owns 3,583,632 shares of the company's stock worth $209,033,000 after purchasing an additional 948,436 shares in the last quarter. Nuveen LLC purchased a new position in shares of Dayforce in the first quarter worth approximately $28,416,000. Northern Trust Corp grew its position in Dayforce by 21.5% during the fourth quarter. Northern Trust Corp now owns 1,544,475 shares of the company's stock valued at $112,191,000 after purchasing an additional 273,031 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dayforce by 23.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,207,045 shares of the company's stock valued at $87,680,000 after purchasing an additional 226,353 shares in the last quarter. Finally, Woodline Partners LP grew its position in Dayforce by 53.1% during the fourth quarter. Woodline Partners LP now owns 634,345 shares of the company's stock valued at $46,079,000 after purchasing an additional 220,112 shares in the last quarter.

Dayforce Stock Performance

Shares of Dayforce stock traded up $0.1750 on Friday, reaching $69.1750. The stock had a trading volume of 5,247,516 shares, compared to its average volume of 3,564,479. The business's 50-day moving average price is $57.28 and its two-hundred day moving average price is $58.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $82.69. The stock has a market cap of $11.05 billion, a P/E ratio of 230.59, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11.

Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The business had revenue of $464.70 million during the quarter, compared to analysts' expectations of $457.83 million. During the same period in the previous year, the company earned $0.48 earnings per share. Dayforce's revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current year.

Insider Transactions at Dayforce

In other news, EVP William Everett Mcdonald sold 2,059 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total value of $113,265.59. Following the completion of the sale, the executive vice president directly owned 103,684 shares in the company, valued at approximately $5,703,656.84. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $110,020.00. Following the completion of the sale, the chief operating officer owned 190,811 shares of the company's stock, valued at $10,496,513.11. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,382 shares of company stock worth $539,860. 4.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DAY shares. Wells Fargo & Company raised shares of Dayforce from a "strong sell" rating to an "equal weight" rating and boosted their price objective for the company from $50.00 to $70.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dayforce from $60.00 to $70.00 and gave the stock a "hold" rating in a research report on Friday. BMO Capital Markets reissued a "market perform" rating and issued a $70.00 target price (up from $67.00) on shares of Dayforce in a research report on Friday. Barclays boosted their target price on shares of Dayforce from $61.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, KeyCorp downgraded shares of Dayforce from an "overweight" rating to a "hold" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $72.14.

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.