18,087 Shares in Dayforce Inc (NYSE:DAY) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Dayforce Inc (NYSE:DAY) during the 4th quarter, Holdings Channel.com reports. The firm purchased 18,087 shares of the company’s stock, valued at approximately $1,314,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAY. Principal Financial Group Inc. purchased a new position in Dayforce during the 3rd quarter worth $11,135,000. Smartleaf Asset Management LLC grew its position in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after purchasing an additional 501 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Dayforce during the 3rd quarter worth $1,434,000. Retirement Systems of Alabama purchased a new position in Dayforce during the 3rd quarter worth $2,105,000. Finally, SG Americas Securities LLC grew its position in Dayforce by 167.7% during the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company’s stock worth $1,404,000 after purchasing an additional 12,103 shares during the last quarter.

Dayforce Stock Up 0.1 %

DAY stock opened at $57.71 on Friday. The company has a market cap of $9.13 billion, a P/E ratio of 524.69, a P/E/G ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company’s 50-day moving average price is $64.59 and its 200 day moving average price is $67.67. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

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 return on equity of 6.49% and a net margin of 1.03%. On average, research analysts expect that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DAY shares. Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Stifel Nicolaus lowered their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Finally, Citigroup lowered their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.86.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is owned by insiders.

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.