Mackenzie Financial Corp Has $2.47 Million Holdings in Dayforce Inc (NYSE:DAY)

Mackenzie Financial Corp lifted its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 557.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,038 shares of the company's stock after buying an additional 28,862 shares during the quarter. Mackenzie Financial Corp's holdings in Dayforce were worth $2,468,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DAY. Pacer Advisors Inc. lifted its holdings in Dayforce by 20.0% in the fourth quarter. Pacer Advisors Inc. now owns 13,929 shares of the company's stock worth $1,012,000 after acquiring an additional 2,326 shares during the last quarter. Forsta AP Fonden acquired a new stake in shares of Dayforce during the 4th quarter worth approximately $2,673,000. Oak Harvest Investment Services bought a new stake in shares of Dayforce in the 4th quarter worth approximately $726,000. E. Ohman J or Asset Management AB boosted its position in Dayforce by 37.3% during the 4th quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company's stock valued at $588,000 after purchasing an additional 2,200 shares during the period. Finally, Yousif Capital Management LLC grew its stake in Dayforce by 9.7% during the 4th quarter. Yousif Capital Management LLC now owns 22,423 shares of the company's stock worth $1,629,000 after buying an additional 1,985 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on DAY. Citigroup raised their target price on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Scotiabank dropped their price objective on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a report on Monday, March 17th. Needham & Company LLC reissued a "buy" rating and set a $95.00 target price on shares of Dayforce in a research note on Thursday, May 8th. KeyCorp decreased 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. Finally, 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.54.

Dayforce Price Performance

Shares of DAY stock traded up $0.72 during mid-day trading on Tuesday, hitting $58.95. 2,199,633 shares of the stock traded hands, compared to its average volume of 1,781,427. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The company's 50-day simple moving average is $56.75 and its 200-day simple moving average is $64.81. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 535.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12.

Insider Activity at Dayforce

In other news, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction on Friday, April 25th. The stock was 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 owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at approximately $5,935,606.56. This represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.