LPL Financial LLC Buys 11,292 Shares of Dayforce Inc (NYSE:DAY)

LPL Financial LLC increased its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,079 shares of the company's stock after purchasing an additional 11,292 shares during the period. LPL Financial LLC's holdings in Dayforce were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAY. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce during the fourth quarter worth about $61,000. AlphaQuest LLC increased its holdings in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC raised its stake 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 last quarter. National Bank of Canada FI acquired a new stake in shares of Dayforce during the third quarter worth $179,000. Finally, GAMMA Investing LLC raised its position in Dayforce by 52.1% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock worth $213,000 after buying an additional 1,002 shares during the last quarter.

Insider Activity at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the company's stock in a transaction that occurred 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 owns 105,691 shares in the company, valued at $5,935,606.56. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by company insiders.

Dayforce Trading Down 1.5 %

Shares of DAY stock traded down $0.84 on Friday, reaching $54.16. The company had a trading volume of 1,549,927 shares, compared to its average volume of 1,746,063. The company has a 50-day moving average of $58.30 and a 200-day moving average of $67.24. The stock has a market cap of $8.57 billion, a PE ratio of 492.38, a PEG ratio of 2.49 and a beta of 1.20. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY - Get Free Report) last released 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%. On average, equities analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on DAY. Piper Sandler reiterated an "overweight" rating and issued a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their price target on Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a report on Thursday, February 6th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the stock from $67.00 to $68.00 in a report on Friday, March 7th. Finally, Scotiabank decreased their target price on Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a research report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Dayforce presently has an average rating of "Moderate Buy" and a consensus target price of $76.79.

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.