Dayforce Inc (NYSE:DAY) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Dayforce Inc (NYSE:DAY) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 249,541 shares of the company’s stock after acquiring an additional 14,261 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dayforce were worth $18,097,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Dayforce in the third quarter worth about $220,000. Cerity Partners LLC increased its holdings in shares of Dayforce by 39.7% in the 3rd quarter. Cerity Partners LLC now owns 28,110 shares of the company’s stock valued at $1,722,000 after acquiring an additional 7,992 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Dayforce by 204.7% during the 3rd quarter. Quantbot Technologies LP now owns 7,870 shares of the company’s stock valued at $482,000 after acquiring an additional 5,287 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Dayforce during the third quarter worth $2,604,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dayforce by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock worth $60,067,000 after purchasing an additional 34,731 shares during the last quarter.

Dayforce Trading Down 2.2 %

NYSE:DAY opened at $58.31 on Monday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The business has a fifty day moving average of $63.29 and a 200-day moving average of $67.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last announced 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 net margin of 1.03% and a return on equity of 6.49%. Equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current year.

Insider Activity at Dayforce

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 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 $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAY. Jefferies Financial Group lowered their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Scotiabank cut their target price on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Citigroup lowered their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and a consensus 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.