UniSuper Management Pty Ltd Has $1.89 Million Stock Position in Dayforce Inc (NYSE:DAY)

UniSuper Management Pty Ltd lessened its holdings in Dayforce Inc (NYSE:DAY) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,978 shares of the company’s stock after selling 963 shares during the period. UniSuper Management Pty Ltd’s holdings in Dayforce were worth $1,887,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DAY. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Dayforce in the third quarter worth approximately $220,000. Cerity Partners LLC lifted its stake in Dayforce by 39.7% during the 3rd quarter. Cerity Partners LLC now owns 28,110 shares of the company’s stock valued at $1,722,000 after acquiring an additional 7,992 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Dayforce by 204.7% during the 3rd quarter. Quantbot Technologies LP now owns 7,870 shares of the company’s stock worth $482,000 after acquiring an additional 5,287 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Dayforce in the 3rd quarter worth $2,604,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dayforce by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock valued at $60,067,000 after purchasing an additional 34,731 shares during the last quarter.

Dayforce Trading Down 2.2 %

Shares of DAY stock opened at $58.31 on Monday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33. The company’s fifty day simple moving average is $63.29 and its two-hundred day simple moving average is $67.98. 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 issued 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 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 year.

Insider Activity

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the 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 sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on DAY. Jefferies Financial Group cut their price target 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 decreased their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Citigroup cut their price objective on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Dayforce presently has an average rating of “Moderate Buy” and a consensus target price of $77.86.

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.