Impax Asset Management Group plc Sells 225 Shares of Dayforce Inc (NYSE:DAY)

Impax Asset Management Group plc cut its holdings in shares of Dayforce Inc (NYSE:DAY) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,175 shares of the company’s stock after selling 225 shares during the period. Impax Asset Management Group plc’s holdings in Dayforce were worth $1,320,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. EdgePoint Investment Group Inc. grew its position in Dayforce by 1.1% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after acquiring an additional 112,086 shares during the last quarter. Janus Henderson Group PLC grew its position in Dayforce by 1.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock worth $347,236,000 after acquiring an additional 103,794 shares during the last quarter. Geode Capital Management LLC grew its position in Dayforce by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after acquiring an additional 30,302 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Dayforce by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company’s stock worth $85,446,000 after acquiring an additional 8,506 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dayforce by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock worth $60,067,000 after acquiring an additional 34,731 shares during the last quarter.

Dayforce Stock Performance

Shares of Dayforce stock opened at $63.03 on Wednesday. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 573.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The stock’s 50-day moving average is $70.28 and its 200-day moving average is $67.62. Dayforce Inc has a one year low of $47.08 and a one 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 released its earnings results 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 net margin of 1.03% and a return on equity of 6.49%. Equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Scotiabank decreased their price objective on Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research report on Thursday, February 6th. Jefferies Financial Group decreased their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus decreased their price objective on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is owned by company insiders.

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.