Dayforce Inc (NYSE:DAY) Shares Acquired by Amundi

Amundi raised its holdings in shares of Dayforce Inc (NYSE:DAY) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 487,630 shares of the company’s stock after acquiring an additional 97,915 shares during the period. Amundi’s holdings in Dayforce were worth $34,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Dayforce during the 3rd quarter valued at approximately $40,000. Quarry LP acquired a new stake in Dayforce during the 3rd quarter valued at approximately $51,000. Smartleaf Asset Management LLC lifted its stake in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after acquiring an additional 501 shares during the period. US Bancorp DE lifted its stake in Dayforce by 66.3% during the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company’s stock valued at $145,000 after acquiring an additional 942 shares during the period. Finally, National Bank of Canada FI acquired a new stake in Dayforce during the 3rd quarter valued at approximately $179,000.

Dayforce Price Performance

Shares of NYSE DAY opened at $53.41 on Thursday. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The firm has a market cap of $8.49 billion, a PE ratio of 485.57, a PEG ratio of 2.49 and a beta of 1.33. The firm has a fifty day moving average of $66.42 and a 200 day moving average of $67.82. 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 (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, research analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAY. Jefferies Financial Group cut 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. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Barclays cut their target price on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Finally, Citigroup cut their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.07.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.90% of the company’s stock.

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.