Sterling Capital Management LLC Has $3.62 Million Holdings in Dayforce Inc (NYSE:DAY)

Sterling Capital Management LLC raised its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,785 shares of the company's stock after purchasing an additional 14,426 shares during the quarter. Sterling Capital Management LLC's holdings in Dayforce were worth $3,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Treasurer of the State of North Carolina grew its position in Dayforce by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 66,227 shares of the company's stock valued at $4,811,000 after acquiring an additional 410 shares during the period. Neuberger Berman Group LLC boosted its position in Dayforce by 3.5% in the fourth quarter. Neuberger Berman Group LLC now owns 9,076 shares of the company's stock valued at $659,000 after buying an additional 305 shares in the last quarter. Scotia Capital Inc. bought a new stake in Dayforce during the fourth quarter worth about $509,000. Raymond James Financial Inc. acquired a new stake in shares of Dayforce during the fourth quarter worth approximately $1,764,000. Finally, APG Asset Management N.V. raised its stake in shares of Dayforce by 464.0% in the fourth quarter. APG Asset Management N.V. now owns 87,200 shares of the company's stock valued at $6,117,000 after acquiring an additional 71,739 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently weighed in on DAY. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price target (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Mizuho decreased their price objective on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Finally, Jefferies Financial Group lowered their price target on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.79.

Insider Activity

In related news, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction on 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 trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.50% of the stock is currently owned by company insiders.

Dayforce Trading Down 1.5 %

NYSE DAY traded down $0.84 during trading on Friday, reaching $54.16. 1,549,927 shares of the stock traded hands, compared to its average volume of 1,744,751. The stock's 50-day moving average price is $58.52 and its 200 day moving average price is $67.28. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 492.38, a price-to-earnings-growth 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.

Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS 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%. Analysts predict that Dayforce Inc will post 1.48 EPS for the current 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.