Janus Henderson Group PLC Has $406.16 Million Stake in Dayforce Inc (NYSE:DAY)

Janus Henderson Group PLC trimmed its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,591,461 shares of the company's stock after selling 77,693 shares during the quarter. Janus Henderson Group PLC owned approximately 3.55% of Dayforce worth $406,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAY. Harvest Fund Management Co. Ltd bought a new position in Dayforce in the 4th quarter valued at approximately $61,000. Federated Hermes Inc. acquired a new position in Dayforce in the 4th quarter valued at approximately $72,000. AlphaQuest LLC raised its stake in shares of Dayforce by 14,800.0% during the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after acquiring an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after purchasing an additional 501 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Dayforce in the fourth quarter worth $217,000.

Insider Activity at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the sale, the executive vice president now directly owns 150,237 shares of the company's stock, valued at approximately $8,509,423.68. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. This represents a 1.86% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

Dayforce Trading Down 0.5%

Shares of DAY stock traded down $0.27 during trading hours on Thursday, hitting $59.10. 1,581,571 shares of the company were exchanged, compared to its average volume of 1,765,788. The company has a 50 day simple moving average of $56.33 and a two-hundred day simple moving average of $66.51. The firm has a market cap of $9.45 billion, a P/E ratio of 537.32, a P/E/G ratio of 2.49 and a beta of 1.17. 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 Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Analyst Ratings Changes

Several brokerages recently issued reports on DAY. Citigroup raised their target price on Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays decreased their price target on Dayforce from $61.00 to $60.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Mizuho cut their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Scotiabank reduced their target price on 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 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $71.29.

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.