Korea Investment CORP Has $3.41 Million Stock Position in Dayforce Inc (NYSE:DAY)

Korea Investment CORP lessened its holdings in Dayforce Inc (NYSE:DAY) by 42.0% in the 4th quarter, Holdings Channel reports. The firm owned 46,879 shares of the company’s stock after selling 33,890 shares during the quarter. Korea Investment CORP’s holdings in Dayforce were worth $3,405,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock worth $1,258,072,000 after buying an additional 197,773 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Dayforce by 1.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Dayforce by 1.9% during the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after purchasing an additional 103,794 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dayforce by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock valued at $230,875,000 after purchasing an additional 30,302 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dayforce by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company’s stock valued at $101,669,000 after purchasing an additional 4,584 shares during the period.

Dayforce Stock Performance

Shares of NYSE:DAY opened at $58.34 on Wednesday. The business has a fifty day moving average of $62.84 and a 200-day moving average of $67.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a market cap of $9.23 billion, a PE ratio of 530.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last posted 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%. On average, equities research 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 the firm’s 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 transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DAY shares. Jefferies Financial Group lowered their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Scotiabank decreased their target price on Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. Stifel Nicolaus lowered their target price on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Barclays cut their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company 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 stock. According to MarketBeat, Dayforce has an average rating of “Moderate Buy” and an average target price of $77.86.

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.