Swiss National Bank Lowers Position in Dayforce Inc (NYSE:DAY)

Swiss National Bank decreased its holdings in shares of Dayforce Inc (NYSE:DAY) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 446,600 shares of the company’s stock after selling 22,000 shares during the period. Swiss National Bank owned 0.28% of Dayforce worth $32,441,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Quarry LP bought a new stake in shares of Dayforce in the 3rd quarter valued at about $51,000. AlphaQuest LLC boosted its stake in Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after acquiring an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after purchasing an additional 501 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Dayforce during the third quarter worth $179,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Dayforce by 52.1% during the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $213,000 after purchasing an additional 1,002 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DAY. Jefferies Financial Group reduced their target price on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and upped their price objective for the company from $67.00 to $68.00 in a report on Friday, March 7th. Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Citigroup cut their price target on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and an average price target of $77.86.

Dayforce Trading Up 2.8 %

Dayforce stock opened at $56.92 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a market cap of $9.05 billion, a PE ratio of 517.54, a P/E/G ratio of 2.49 and a beta of 1.33. The stock’s 50 day simple moving average is $65.36 and its two-hundred day simple moving average is $67.81. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. Analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current year.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value 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 approximately $8,489,839.26. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

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.