4,690 Shares in Dayforce Inc (NYSE:DAY) Bought by Three Seasons Wealth LLC

Three Seasons Wealth LLC purchased a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,690 shares of the company's stock, valued at approximately $341,000.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors raised its position in Dayforce by 3.9% in the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company's stock worth $1,282,800,000 after purchasing an additional 667,065 shares in the last quarter. Vanguard Group Inc. raised its position in Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock worth $1,258,072,000 after purchasing an additional 197,773 shares in the last quarter. Capital World Investors raised its position in Dayforce by 1.0% in the fourth quarter. Capital World Investors now owns 13,654,333 shares of the company's stock worth $991,851,000 after purchasing an additional 128,578 shares in the last quarter. Geode Capital Management LLC grew its stake in Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company's stock worth $278,193,000 after buying an additional 57,621 shares during the last quarter. Finally, FMR LLC grew its stake in Dayforce by 382.5% during the fourth quarter. FMR LLC now owns 3,215,123 shares of the company's stock worth $233,547,000 after buying an additional 2,548,779 shares during the last quarter.

Dayforce Trading Down 0.5 %

DAY stock traded down $0.30 during midday trading on Wednesday, reaching $57.05. The company's stock had a trading volume of 529,545 shares, compared to its average volume of 1,747,834. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The stock has a market cap of $9.03 billion, a PE ratio of 518.68, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. 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 business's 50-day simple moving average is $56.78 and its 200-day simple moving average is $67.00.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (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%. As a group, sell-side analysts expect that Dayforce Inc will post 1.48 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DAY. Stifel Nicolaus decreased their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Barclays decreased their price objective 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. Citigroup decreased their price objective on shares of Dayforce from $78.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Finally, KeyCorp decreased their price objective on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.79.

Insiders Place Their Bets

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

Dayforce Company 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.