121,981 Shares in Dayforce Inc (NYSE:DAY) Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 121,981 shares of the company's stock, valued at approximately $8,861,000. Tudor Investment Corp ET AL owned about 0.08% of Dayforce as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in shares of Dayforce by 85.6% in the 3rd quarter. Tidal Investments LLC now owns 28,359 shares of the company's stock valued at $1,737,000 after buying an additional 13,078 shares during the period. Retirement Systems of Alabama purchased a new position in Dayforce in the third quarter worth $2,105,000. Principal Financial Group Inc. acquired a new stake in Dayforce in the third quarter valued at $11,135,000. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 1,002 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Dayforce during the 4th quarter worth $354,000.

Insider Activity at Dayforce

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 completion of the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Samer Alkharrat sold 1,916 shares of the business's 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 transaction, the executive vice president now owns 150,237 shares in the company, valued at $8,509,423.68. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.50% of the company's stock.

Dayforce Trading Up 1.1 %

DAY stock traded up $0.63 during midday trading on Monday, reaching $59.48. 232,552 shares of the company's stock traded hands, compared to its average volume of 1,862,229. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The business has a 50-day moving average price of $56.45 and a two-hundred day moving average price of $66.91. The company has a market capitalization of $9.41 billion, a P/E ratio of 540.16, a PEG ratio of 2.49 and a beta of 1.17. 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 return on equity of 6.49% and a net margin of 1.03%. Equities research analysts forecast that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their price objective on shares of Dayforce from $69.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. KeyCorp reduced their price target 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. Piper Sandler restated an "overweight" rating and issued a $83.00 price target (down previously from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, TD Cowen upgraded Dayforce from a "hold" rating to a "buy" rating and boosted their target price for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dayforce currently has an average rating of "Moderate Buy" and a consensus price target of $73.79.

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.