Dayforce Inc (NYSE:DAY) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in Dayforce Inc (NYSE:DAY) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,129 shares of the company’s stock after purchasing an additional 1,555 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dayforce were worth $2,116,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DAY. Farther Finance Advisors LLC acquired a new stake in shares of Dayforce in the 3rd quarter valued at about $40,000. Quarry LP acquired a new stake in shares of Dayforce in the 3rd quarter valued at about $51,000. AlphaQuest LLC boosted its position in shares of Dayforce by 14,800.0% in the 4th 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 boosted its position in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after purchasing an additional 501 shares during the period. Finally, US Bancorp DE boosted its position in shares of Dayforce by 66.3% in the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company’s stock valued at $145,000 after purchasing an additional 942 shares during the period.

Dayforce Stock Performance

NYSE DAY opened at $55.45 on Friday. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a market capitalization of $8.81 billion, a P/E ratio of 504.12, a PEG ratio of 2.49 and a beta of 1.33. The business has a 50 day moving average price of $65.69 and a 200 day moving average price of $67.68. 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) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. Sell-side analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on DAY shares. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Scotiabank decreased their price objective on Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Barclays decreased their price objective on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. TD Cowen raised 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 research report on Friday, March 7th. Finally, Jefferies Financial Group decreased their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.07.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by company insiders.

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.