Amundi Buys 97,915 Shares of Dayforce Inc (NYSE:DAY)

Amundi increased its stake in shares of Dayforce Inc (NYSE:DAY) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 487,630 shares of the company’s stock after acquiring an additional 97,915 shares during the quarter. Amundi owned about 0.31% of Dayforce worth $34,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAY. Farther Finance Advisors LLC bought a new position in shares of Dayforce during the third quarter worth $40,000. Quarry LP bought a new position in Dayforce during the third quarter valued at $51,000. Smartleaf Asset Management LLC lifted its position in Dayforce by 69.0% during the fourth 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 last quarter. US Bancorp DE lifted its position in Dayforce by 66.3% during the third 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 last quarter. Finally, National Bank of Canada FI bought a new position in Dayforce during the third quarter valued at $179,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DAY shares. Needham & Company LLC reiterated a “buy” rating and set a $95.00 price objective on shares of Dayforce in a research report on Thursday, February 6th. Barclays lowered their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. KeyCorp raised their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Jefferies Financial Group lowered their target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Dayforce Stock Down 0.6 %

Shares of Dayforce stock opened at $53.41 on Thursday. The firm’s 50 day moving average price is $66.42 and its 200-day moving average price is $67.82. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a market cap of $8.49 billion, a P/E ratio of 485.57, a PEG ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last released its earnings results 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 return on equity of 6.49% and a net margin of 1.03%. On average, sell-side analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now directly owns 119,022 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by company insiders.

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.