Fuller & Thaler Asset Management Inc. raised its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 752,406 shares of the company's stock after acquiring an additional 73,611 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.48% of Dayforce worth $54,655,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Dayforce in the third quarter valued at $11,135,000. Smartleaf Asset Management LLC boosted its position in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after buying an additional 501 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in Dayforce in the 3rd quarter valued at about $2,105,000. SG Americas Securities LLC increased its holdings in Dayforce by 167.7% during the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock valued at $1,404,000 after acquiring an additional 12,103 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Dayforce by 31.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock worth $1,398,000 after acquiring an additional 4,596 shares during the last quarter.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Barclays reduced their price target on shares of Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday, February 6th. Citigroup reduced their price target on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Scotiabank reduced their price target 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. Finally, KeyCorp reduced their price target on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.86.
Check Out Our Latest Stock Analysis on DAY
Dayforce Price Performance
Shares of DAY stock traded up $0.40 during mid-day trading on Tuesday, hitting $57.66. 350,659 shares of the stock traded hands, compared to its average volume of 1,749,498. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 523.54, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company's 50-day simple moving average is $56.98 and its 200-day simple moving average is $67.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.
Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. As a group, equities research analysts expect that Dayforce Inc will post 1.48 earnings per share for the current year.
Insider Transactions at Dayforce
In other news, 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 transaction of $112,320.00. Following the completion of the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.50% of the company's stock.
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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