BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $5.27 Million Stock Position in Dayforce, Inc. $DAY

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Dayforce, Inc. by 12.4% during Q1, now holding approximately $5.27 million worth of shares.
• Dayforce has seen various hedge funds increase their stakes, including Principal Financial Group Inc., which grew its position by 53.0%, owning shares now worth $15.93 million.
• Dayforce reported earnings of $0.61 per share for the latest quarter, beating analysts’ expectations and reflecting 9.8% revenue growth year-over-year.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Dayforce, Inc. (NYSE:DAY - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,325 shares of the company's stock after acquiring an additional 9,988 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of Dayforce worth $5,268,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DAY. National Pension Service lifted its stake in Dayforce by 74.5% in the 1st quarter. National Pension Service now owns 541 shares of the company's stock worth $32,000 after acquiring an additional 231 shares in the last quarter. Mather Group LLC. raised its stake in shares of Dayforce by 196.9% during the 1st quarter. Mather Group LLC. now owns 962 shares of the company's stock worth $56,000 after purchasing an additional 638 shares in the last quarter. Covestor Ltd raised its stake in shares of Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company's stock worth $83,000 after purchasing an additional 193 shares in the last quarter. Mufg Securities Americas Inc. purchased a new stake in shares of Dayforce during the 4th quarter worth about $169,000. Finally, CX Institutional purchased a new stake in shares of Dayforce during the 1st quarter worth about $190,000.

Analyst Upgrades and Downgrades

DAY has been the subject of a number of recent research reports. Wells Fargo & Company raised Dayforce from a "strong sell" rating to an "equal weight" rating and raised their price target for the stock from $50.00 to $70.00 in a research note on Friday. KeyCorp downgraded Dayforce from an "overweight" rating to a "hold" rating in a research note on Friday. UBS Group raised their price target on Dayforce from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Needham & Company LLC downgraded Dayforce from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research note on Friday. Finally, Citigroup increased their price objective on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $72.14.

Dayforce Stock Up 0.3%

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

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

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 2,059 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total value of $113,265.59. Following the sale, the executive vice president owned 103,684 shares of the company's stock, valued at $5,703,656.84. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total value of $110,020.00. Following the completion of the sale, the chief operating officer directly owned 190,811 shares in the company, valued at $10,496,513.11. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,382 shares of company stock valued at $539,860 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Dayforce Company 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.