First Trust Advisors LP acquired a new stake in Dayforce Inc (NYSE:DAY – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 167,965 shares of the company’s stock, valued at approximately $12,201,000.
Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors raised its position in shares of Dayforce by 3.9% in the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock valued at $1,282,800,000 after purchasing an additional 667,065 shares during the period. Vanguard Group Inc. raised its holdings in Dayforce by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock valued at $1,258,072,000 after acquiring an additional 197,773 shares during the period. Geode Capital Management LLC lifted its position in shares of Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock worth $278,193,000 after acquiring an additional 57,621 shares in the last quarter. FMR LLC boosted its holdings in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company’s stock worth $233,547,000 after acquiring an additional 2,548,779 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Dayforce by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,399,628 shares of the company’s stock valued at $101,669,000 after purchasing an additional 4,584 shares in the last quarter.
Insider Buying and Selling
In other news, EVP William Everett Mcdonald sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the transaction, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at approximately $5,935,606.56. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on DAY
Dayforce Trading Up 1.0 %
Shares of DAY opened at $57.82 on Monday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 525.68, a PEG ratio of 2.49 and a beta of 1.20. The firm has a 50 day moving average price of $57.20 and a 200-day moving average price of $67.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.
Dayforce (NYSE:DAY – Get Free Report) last posted 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, equities research analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current 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.
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