Swiss National Bank lowered its stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 422,600 shares of the company's stock after selling 24,000 shares during the period. Swiss National Bank owned about 0.27% of Dayforce worth $24,650,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Dayforce by 13.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 282,538 shares of the company's stock valued at $16,480,000 after acquiring an additional 32,997 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Dayforce by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,460,591 shares of the company's stock valued at $85,196,000 after acquiring an additional 60,963 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in shares of Dayforce during the 1st quarter valued at about $731,000. PNC Financial Services Group Inc. grew its position in shares of Dayforce by 3.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,725 shares of the company's stock valued at $684,000 after acquiring an additional 443 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Dayforce during the 1st quarter valued at about $486,000.
Analysts Set New Price Targets
DAY has been the topic of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Dayforce in a research report on Monday, June 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. KeyCorp lowered their price objective on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Barclays lifted their price objective on Dayforce from $60.00 to $61.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Finally, Piper Sandler lowered their price objective on Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.93.
Get Our Latest Stock Report on Dayforce
Dayforce Price Performance
DAY traded down $0.49 during trading on Friday, reaching $52.92. The company's stock had a trading volume of 2,161,225 shares, compared to its average volume of 1,909,038. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $56.60 and a two-hundred day simple moving average of $58.41. 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 $8.45 billion, a price-to-earnings ratio of 176.41, a PEG ratio of 2.06 and a beta of 1.11.
Dayforce (NYSE:DAY - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $457.83 million. During the same period last year, the company posted $0.48 EPS. The business's revenue was up 9.8% on a year-over-year basis. As a group, analysts anticipate that Dayforce, Inc. will post 1.48 EPS for the current year.
Insider Activity
In other news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $110,020.00. Following the sale, the chief operating officer owned 190,811 shares of the company's stock, valued at approximately $10,496,513.11. The trade was a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Everett Mcdonald sold 2,059 shares of Dayforce stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $113,265.59. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,382 shares of company stock valued at $539,860. 4.50% of the stock is currently owned by company insiders.
Dayforce Profile
(
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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