Nomura Asset Management Co. Ltd. Buys 277 Shares of Dayforce Inc (NYSE:DAY)

Nomura Asset Management Co. Ltd. boosted its position in shares of Dayforce Inc (NYSE:DAY) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,707 shares of the company’s stock after buying an additional 277 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dayforce were worth $3,175,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Dayforce during the third quarter valued at $51,000. Harvest Fund Management Co. Ltd bought a new stake in Dayforce during the 4th quarter worth about $61,000. AlphaQuest LLC lifted its position in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after purchasing an additional 501 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Dayforce during the 3rd quarter worth approximately $179,000.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

DAY has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen raised Dayforce from a “hold” rating to a “buy” rating and increased their target price for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Needham & Company LLC restated a “buy” rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Finally, Scotiabank lowered their price target on Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.86.

Dayforce Trading Up 0.0 %

NYSE DAY opened at $58.34 on Wednesday. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. 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’s 50 day moving average price is $62.84 and its two-hundred day moving average price is $67.97. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 530.38, a PEG ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. As a group, analysts anticipate that Dayforce Inc will post 1.48 earnings per share 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.