Prudential PLC Sells 5,210 Shares of Dayforce Inc (NYSE:DAY)

Prudential PLC decreased its holdings in Dayforce Inc (NYSE:DAY) by 52.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,661 shares of the company’s stock after selling 5,210 shares during the period. Prudential PLC’s holdings in Dayforce were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in shares of Dayforce by 3.8% in the 4th quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock valued at $382,000 after purchasing an additional 193 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Dayforce by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company’s stock valued at $3,175,000 after buying an additional 277 shares during the period. Xponance Inc. lifted its position in Dayforce by 1.6% in the fourth quarter. Xponance Inc. now owns 22,494 shares of the company’s stock worth $1,634,000 after buying an additional 357 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after buying an additional 501 shares during the period. Finally, HighTower Advisors LLC increased its position in Dayforce by 11.0% during the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after acquiring an additional 602 shares during the last quarter.

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 stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays dropped their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. TD Cowen upgraded Dayforce from a “hold” rating to a “buy” rating and increased their price target for the stock from $67.00 to $68.00 in a report on Friday, March 7th. Needham & Company LLC restated a “buy” rating and set a $95.00 price objective on shares of Dayforce in a report on Thursday, February 6th. Finally, Jefferies Financial Group reduced their target price on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dayforce presently has an average rating of “Moderate Buy” and an average target price of $77.86.

Dayforce Trading Down 3.9 %

DAY opened at $49.26 on Wednesday. The stock has a market capitalization of $7.80 billion, a PE ratio of 447.81, a P/E/G ratio of 2.49 and a beta of 1.20. 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 quick ratio of 1.15 and a current ratio of 1.13. The business’s 50 day moving average price is $60.60 and its 200 day moving average price is $67.64.

Dayforce (NYSE:DAY) last released its quarterly 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%. As a group, equities research analysts expect that Dayforce Inc will post 1.48 EPS for the current year.

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.