Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 885 Shares of Dayforce Inc (NYSE:DAY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Dayforce Inc (NYSE:DAY) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,532 shares of the company’s stock after selling 885 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dayforce were worth $2,436,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Dayforce by 18,250.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock worth $47,890,000 after acquiring an additional 657,013 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Dayforce during the third quarter worth about $11,135,000. Wealthfront Advisers LLC bought a new position in shares of Dayforce during the 4th quarter valued at about $12,105,000. EdgePoint Investment Group Inc. grew its position in shares of Dayforce by 1.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after purchasing an additional 112,086 shares during the period. Finally, LBP AM SA raised its holdings in Dayforce by 314.0% during the 4th quarter. LBP AM SA now owns 137,911 shares of the company’s stock worth $10,018,000 after buying an additional 104,598 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on DAY. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. TD Cowen upgraded Dayforce from a “hold” rating to a “buy” rating and boosted their target price for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Scotiabank decreased their price target on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Six equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.86.

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is currently owned by company insiders.

Dayforce Stock Up 3.0 %

Shares of NYSE DAY opened at $60.26 on Tuesday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 547.90, a PEG ratio of 2.49 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The stock has a 50-day moving average price of $64.14 and a two-hundred day moving average price of $67.90.

Dayforce (NYSE:DAY) last released 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 return on equity of 6.49% and a net margin of 1.03%. As a group, analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

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.