Dayforce Inc (NYSE:DAY) Shares Acquired by ING Groep NV

ING Groep NV boosted its position in shares of Dayforce Inc (NYSE:DAY) by 307.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,142 shares of the company’s stock after buying an additional 15,198 shares during the quarter. ING Groep NV’s holdings in Dayforce were worth $1,463,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DAY. Creative Planning grew its stake in shares of Dayforce by 87.7% in the 3rd quarter. Creative Planning now owns 10,442 shares of the company’s stock worth $640,000 after purchasing an additional 4,879 shares during the last quarter. Blue Trust Inc. bought a new stake in Dayforce during the third quarter worth approximately $91,000. Allspring Global Investments Holdings LLC acquired a new position in Dayforce in the third quarter worth approximately $480,000. Signaturefd LLC bought a new position in shares of Dayforce in the third quarter valued at $96,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of Dayforce during the 3rd quarter valued at $615,000.

Dayforce Trading Down 3.8 %

Shares of NYSE:DAY opened at $64.72 on Monday. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.21 billion, a P/E ratio of 588.42, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The firm has a fifty day moving average of $70.54 and a two-hundred day moving average of $67.44.

Dayforce (NYSE:DAY) last released 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, equities analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DAY shares. Barclays decreased their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Mizuho lifted their price target on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Scotiabank reduced their price objective on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets raised their target price on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, KeyCorp boosted their price target on shares of Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

Insider Activity at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the 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 transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction on Tuesday, November 26th. The shares were 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. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

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.