Fisher Asset Management LLC Grows Position in Dayforce Inc (NYSE:DAY)

Fisher Asset Management LLC boosted its stake in shares of Dayforce Inc (NYSE:DAY) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,361 shares of the company’s stock after purchasing an additional 15,359 shares during the period. Fisher Asset Management LLC’s holdings in Dayforce were worth $4,021,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Creative Planning increased its holdings in shares of Dayforce by 87.7% during the 3rd quarter. Creative Planning now owns 10,442 shares of the company’s stock worth $640,000 after buying an additional 4,879 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Dayforce during the third quarter valued at about $545,000. State of Alaska Department of Revenue increased its stake in Dayforce by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 18,415 shares of the company’s stock worth $1,127,000 after acquiring an additional 1,245 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Dayforce during the third quarter worth about $6,639,000. Finally, US Bancorp DE raised its holdings in shares of Dayforce by 66.3% in the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company’s stock worth $145,000 after purchasing an additional 942 shares during the period.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DAY shares. Stifel Nicolaus dropped their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. BMO Capital Markets increased their price objective on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. 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. Scotiabank decreased their price target on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, Mizuho raised their price objective on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Dayforce Stock Performance

DAY stock opened at $57.08 on Wednesday. The stock’s 50 day simple moving average is $68.63 and its 200 day simple moving average is $67.93. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The firm has a market cap of $9.00 billion, a P/E ratio of 518.91, a P/E/G ratio of 2.49 and a beta of 1.26. 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 (NYSE:DAY) last issued 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 net margin of 1.03% and a return on equity of 6.49%. As a group, equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current 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.