Mackenzie Financial Corp grew its holdings in Dayforce, Inc. (NYSE:DAY - Free Report) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,011 shares of the company's stock after acquiring an additional 8,973 shares during the period. Mackenzie Financial Corp's holdings in Dayforce were worth $2,509,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Dayforce by 51.8% during the 4th quarter. LPL Financial LLC now owns 33,079 shares of the company's stock worth $2,403,000 after buying an additional 11,292 shares during the period. Norges Bank bought a new stake in shares of Dayforce during the 4th quarter worth $10,278,000. Orion Portfolio Solutions LLC bought a new stake in shares of Dayforce during the 4th quarter worth $217,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Dayforce by 73.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,613 shares of the company's stock worth $480,000 after buying an additional 2,804 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Dayforce by 1,247.2% during the 4th quarter. National Bank of Canada FI now owns 39,365 shares of the company's stock worth $2,859,000 after buying an additional 36,443 shares during the period.
Dayforce Price Performance
Shares of DAY stock traded down $2.37 during mid-day trading on Friday, reaching $55.30. The company's stock had a trading volume of 1,804,926 shares, compared to its average volume of 1,338,244. Dayforce, Inc. has a 1-year low of $48.01 and a 1-year high of $82.69. The company has a market cap of $8.84 billion, a P/E ratio of 345.65, a PEG ratio of 2.15 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50-day moving average is $57.65 and its two-hundred day moving average is $59.43.
Analyst Ratings Changes
Several research firms recently issued reports on DAY. Wells Fargo & Company downgraded shares of Dayforce from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $60.00 to $50.00 in a report on Friday, June 13th. Citigroup upped their price objective on shares of Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Mizuho decreased their price objective on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. KeyCorp decreased their price objective on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.
Check Out Our Latest Stock Analysis on DAY
Insider Activity
In related news, EVP William Everett Mcdonald sold 2,059 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $113,265.59. Following the completion of the sale, the executive vice president owned 103,684 shares in the company, valued at $5,703,656.84. This trade represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Samer Alkharrat sold 4,659 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $59.69, for a total transaction of $278,095.71. Following the sale, the executive vice president owned 127,632 shares of the company's stock, valued at $7,618,354.08. This trade represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,382 shares of company stock worth $539,860. 4.50% of the stock is currently owned by corporate insiders.
Dayforce Profile
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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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