Dayforce Inc (NYSE:DAY) Stock Holdings Trimmed by Vestcor Inc

Vestcor Inc decreased its holdings in Dayforce Inc (NYSE:DAY) by 38.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,184 shares of the company’s stock after selling 20,538 shares during the quarter. Vestcor Inc’s holdings in Dayforce were worth $2,410,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DAY. Connor Clark & Lunn Investment Management Ltd. increased its stake in Dayforce by 18,250.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock valued at $47,890,000 after buying an additional 657,013 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Dayforce during the third quarter valued at approximately $19,273,000. Principal Financial Group Inc. bought a new stake in Dayforce during the third quarter worth approximately $11,135,000. Wealthfront Advisers LLC bought a new stake in Dayforce during the fourth quarter worth approximately $12,105,000. Finally, EdgePoint Investment Group Inc. boosted its stake in Dayforce by 1.1% during 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 in the last quarter.

Insider Buying and Selling 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 shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analyst Weigh In

DAY has been the topic of a number of research reports. Stifel Nicolaus dropped their price objective on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and increased their target price for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Finally, Jefferies Financial Group decreased their price target on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Dayforce Trading Up 6.3 %

NYSE:DAY opened at $55.45 on Friday. The stock’s 50-day moving average is $65.69 and its two-hundred day moving average is $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. The stock has a market cap of $8.81 billion, a PE ratio of 504.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Dayforce (NYSE:DAY) last released its earnings results 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, equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

About Dayforce

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.