Arizona State Retirement System Purchases 683 Shares of Dayforce Inc (NYSE:DAY)

Arizona State Retirement System raised its holdings in shares of Dayforce Inc (NYSE:DAY) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,920 shares of the company’s stock after acquiring an additional 683 shares during the period. Arizona State Retirement System’s holdings in Dayforce were worth $3,336,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce in the 3rd quarter valued at $40,000. Quarry LP purchased a new stake in Dayforce during the third quarter valued at about $51,000. Smartleaf Asset Management LLC grew its stake in shares of Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares during the last quarter. US Bancorp DE increased its holdings in shares of Dayforce by 66.3% in the third quarter. US Bancorp DE now owns 2,363 shares of the company’s stock worth $145,000 after buying an additional 942 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of Dayforce in the 3rd quarter valued at about $179,000.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $68.00 in a research note on Friday. BMO Capital Markets increased their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Scotiabank decreased their price objective on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, KeyCorp increased their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.07.

Dayforce Trading Up 1.4 %

DAY opened at $55.43 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The stock has a market cap of $8.81 billion, a PE ratio of 503.96, a PEG ratio of 2.49 and a beta of 1.33. The business has a 50 day moving average of $67.54 and a 200-day moving average of $67.94.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Equities research analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

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.