Dayforce Inc (NYSE:DAY) Stock Holdings Lifted by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its position in Dayforce Inc (NYSE:DAY) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,740 shares of the company’s stock after acquiring an additional 228 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Dayforce were worth $490,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce in the fourth quarter worth $61,000. Federated Hermes Inc. acquired a new position in shares of Dayforce in the 4th quarter valued at about $72,000. AlphaQuest LLC lifted its position in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC grew its position in 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 purchasing an additional 501 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $213,000 after purchasing an additional 1,002 shares in the last quarter.

Dayforce Stock Performance

Shares of NYSE:DAY opened at $54.16 on Monday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The business’s fifty day moving average price is $58.30 and its two-hundred day moving average price is $67.32. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (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%. As a group, analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Insider Transactions at Dayforce

In related news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the sale, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

DAY has been the subject of a number of recent research reports. Barclays cut their price target 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. Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Finally, Citigroup reduced their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and a consensus price target of $76.79.

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.