Skandinaviska Enskilda Banken AB publ Buys 2,800 Shares of Dayforce Inc (NYSE:DAY)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Dayforce Inc (NYSE:DAY) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,588 shares of the company’s stock after buying an additional 2,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Dayforce were worth $2,217,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Metis Global Partners LLC increased its holdings in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock valued at $382,000 after buying an additional 193 shares during the period. Smartleaf Asset Management LLC increased its holdings in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares during the period. HighTower Advisors LLC increased its holdings in Dayforce by 11.0% during the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after buying an additional 602 shares during the period. PNC Financial Services Group Inc. increased its holdings in Dayforce by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,282 shares of the company’s stock valued at $820,000 after buying an additional 650 shares during the period. Finally, Arizona State Retirement System increased its holdings in Dayforce by 1.5% during the fourth quarter. Arizona State Retirement System now owns 45,920 shares of the company’s stock valued at $3,336,000 after buying an additional 683 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DAY shares. Jefferies Financial Group cut their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Barclays cut their price target on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus cut their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.07.

Insider Activity 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 transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is currently owned by insiders.

Dayforce Price Performance

Shares of DAY opened at $55.45 on Monday. The firm has a market capitalization of $8.81 billion, a PE ratio of 504.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. The company’s fifty day moving average price is $65.69 and its 200-day moving average price is $67.82. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. 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 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%. On average, equities research analysts predict that Dayforce Inc will post 1.48 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.