Metis Global Partners LLC Buys 193 Shares of Dayforce Inc (NYSE:DAY)

Metis Global Partners LLC raised its stake in Dayforce Inc (NYSE:DAY) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,261 shares of the company’s stock after buying an additional 193 shares during the period. Metis Global Partners LLC’s holdings in Dayforce were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAY. HighTower Advisors LLC boosted its holdings in shares of Dayforce by 11.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after acquiring an additional 602 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Dayforce by 1.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock valued at $3,448,000 after purchasing an additional 640 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Dayforce during the third quarter worth about $40,000. Stifel Financial Corp increased its stake in shares of Dayforce by 16.0% in the third quarter. Stifel Financial Corp now owns 5,001 shares of the company’s stock valued at $306,000 after buying an additional 691 shares during the period. Finally, Quarry LP acquired a new position in shares of Dayforce in the third quarter valued at approximately $51,000.

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. 4.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DAY shares. Scotiabank reduced their target price on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (down from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Mizuho increased their price target on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.64.

Dayforce Stock Performance

Shares of Dayforce stock opened at $57.28 on Thursday. Dayforce Inc has a 52 week low of $47.08 and a 52 week 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 business has a 50 day moving average price of $68.30 and a 200-day moving average price of $67.85. The company has a market cap of $9.10 billion, a PE ratio of 520.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last released its quarterly earnings results 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%. Equities analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Dayforce 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.