Dayforce Inc (NYSE:DAY) Holdings Lifted by Lbp Am Sa

Lbp Am Sa increased its holdings in shares of Dayforce Inc (NYSE:DAY) by 314.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,911 shares of the company’s stock after buying an additional 104,598 shares during the quarter. Lbp Am Sa owned 0.09% of Dayforce worth $10,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Dayforce by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,058 shares of the company’s stock valued at $803,000 after buying an additional 1,743 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Dayforce by 10.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 30,588 shares of the company’s stock valued at $2,217,000 after buying an additional 2,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Dayforce by 18,250.4% during the fourth 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 in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Dayforce during the fourth quarter valued at $12,105,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Dayforce by 5.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 29,129 shares of the company’s stock valued at $2,116,000 after buying an additional 1,555 shares in the last quarter.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is owned by insiders.

Dayforce Price Performance

Shares of NYSE:DAY opened at $55.45 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The business has a 50-day moving average of $65.69 and a two-hundred day moving average of $67.68. The stock has a market capitalization of $8.81 billion, a P/E ratio of 504.12, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

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 return on equity of 6.49% and a net margin of 1.03%. On average, equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DAY shares. Barclays lowered their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. TD Cowen raised Dayforce from a “hold” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $68.00 in a research report on Friday, March 7th. Citigroup reduced their price objective on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Piper Sandler reissued 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.07.

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.