Peak6 LLC Takes $424,000 Position in Dayforce Inc (NYSE:DAY)

PEAK6 LLC acquired a new stake in Dayforce Inc (NYSE:DAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,835 shares of the company's stock, valued at approximately $424,000.

Several other large investors have also made changes to their positions in DAY. Vanguard Group Inc. boosted its holdings in Dayforce by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock worth $1,258,072,000 after buying an additional 197,773 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dayforce by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company's stock valued at $278,193,000 after acquiring an additional 57,621 shares in the last quarter. FMR LLC boosted its stake in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company's stock worth $233,547,000 after acquiring an additional 2,548,779 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dayforce by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company's stock worth $101,669,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Dayforce by 3.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 790,126 shares of the company's stock valued at $57,395,000 after purchasing an additional 22,748 shares during the last quarter.

Analysts Set New Price Targets

DAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Piper Sandler restated an "overweight" rating and set a $83.00 price target (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Mizuho cut 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. Barclays decreased their target price on shares of Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Cowen upgraded Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dayforce presently has an average rating of "Moderate Buy" and an average price target of $74.86.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the business'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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by corporate insiders.

Dayforce Trading Up 1.0 %

Shares of NYSE:DAY traded up $0.55 during midday trading on Friday, reaching $57.82. 1,232,792 shares of the company's stock were exchanged, compared to its average volume of 1,754,699. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 525.68, a P/E/G ratio of 2.49 and a beta of 1.20. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm's 50 day simple moving average is $57.20 and its two-hundred day simple moving average is $67.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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, sell-side analysts forecast that Dayforce Inc will post 1.48 EPS for the current fiscal year.

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.