E. Ohman J or Asset Management AB Purchases 2,200 Shares of Dayforce Inc (NYSE:DAY)

E. Ohman J or Asset Management AB increased its position in shares of Dayforce Inc (NYSE:DAY) by 37.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,100 shares of the company’s stock after acquiring an additional 2,200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dayforce were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EdgePoint Investment Group Inc. increased its holdings in Dayforce by 1.1% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after acquiring an additional 112,086 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Dayforce by 1.9% in the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock worth $347,236,000 after buying an additional 103,794 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dayforce by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after buying an additional 30,302 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dayforce by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company’s stock worth $85,446,000 after buying an additional 8,506 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dayforce by 3.7% in the 3rd 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 buying an additional 34,731 shares during the last quarter.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 860,697 shares of company stock valued at $68,456,936. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Citigroup decreased their price target on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. KeyCorp increased their target price on shares of Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Barclays reduced their target price on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Finally, Mizuho increased their target price on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Dayforce has an average rating of “Moderate Buy” and an average price target of $79.29.

Dayforce Trading Down 8.0 %

Shares of DAY opened at $66.02 on Thursday. The stock has a market capitalization of $10.41 billion, a P/E ratio of 200.08, a PEG ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $73.91 and a two-hundred day simple moving average of $66.39. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

Dayforce (NYSE:DAY) last announced its quarterly earnings results 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 net margin of 3.12% and a return on equity of 6.69%. On average, research analysts anticipate that Dayforce Inc will post 1.07 EPS for the current year.

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.