Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 1,400 Shares of Dayforce Inc (NYSE:DAY)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Dayforce Inc (NYSE:DAY) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,254 shares of the company’s stock after acquiring an additional 1,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dayforce were worth $2,416,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DAY. Farther Finance Advisors LLC bought a new position in shares of Dayforce during the third quarter valued at $40,000. Quarry LP bought a new position in shares of Dayforce during the third quarter valued at $51,000. Blue Trust Inc. bought a new position in shares of Dayforce during the third quarter valued at $91,000. US Bancorp DE raised its stake in shares of Dayforce by 66.3% during the third 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 last quarter. Finally, National Bank of Canada FI bought a new position in shares of Dayforce during the third quarter valued at $179,000.

Insider Activity

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 sale, the chief operating officer now owns 119,022 shares in the company, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DAY shares. Stifel Nicolaus lowered their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. KeyCorp lifted their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Finally, BMO Capital Markets lifted their target price on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

Dayforce Price Performance

DAY stock opened at $62.53 on Thursday. 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 Inc has a one year low of $47.08 and a one year high of $82.69. The stock has a market cap of $9.86 billion, a PE ratio of 568.51, a P/E/G ratio of 2.49 and a beta of 1.26. The firm has a 50 day simple moving average of $69.77 and a two-hundred day simple moving average of $67.65.

Dayforce (NYSE:DAY) last announced its quarterly earnings data 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%. On average, analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal 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.