844 Shares in Dayforce Inc (NYSE:DAY) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in shares of Dayforce Inc (NYSE:DAY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 844 shares of the company’s stock, valued at approximately $61,000.

Other large investors also recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its holdings in shares of Dayforce by 1.1% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after purchasing an additional 112,086 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Dayforce by 1.9% in the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after buying an additional 103,794 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dayforce by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock valued at $230,875,000 after buying an additional 30,302 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Dayforce by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company’s stock worth $101,669,000 after acquiring an additional 4,584 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dayforce by 3.7% during 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 acquiring an additional 34,731 shares in the last quarter.

Analyst Ratings Changes

DAY has been the subject of a number of analyst reports. Citigroup reduced their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price target (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Barclays reduced their price objective on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Jefferies Financial Group lowered their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.86.

Dayforce Stock Performance

NYSE:DAY opened at $58.40 on Monday. The company’s 50-day moving average is $64.35 and its two-hundred day moving average is $67.86. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 530.94, a PEG ratio of 2.49 and a beta of 1.33. 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 1-year low of $47.08 and a 1-year high of $82.69.

Dayforce (NYSE:DAY) last released 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 net margin of 1.03% and a return on equity of 6.49%. Analysts forecast that Dayforce Inc will post 1.48 EPS for the current year.

Insider Activity

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.90% of the company’s stock.

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.