Capital International Ltd. CA Purchases 9,286 Shares of Dayforce Inc (NYSE:DAY)

Capital International Ltd. CA lifted its position in shares of Dayforce Inc (NYSE:DAY) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,531 shares of the company’s stock after acquiring an additional 9,286 shares during the period. Capital International Ltd. CA’s holdings in Dayforce were worth $4,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DAY. Capital International Investors boosted its holdings in shares of Dayforce by 3.9% in the 4th 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 in the last quarter. Vanguard Group Inc. boosted its stake in Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock valued at $1,258,072,000 after buying an additional 197,773 shares in the last quarter. Geode Capital Management LLC grew its position in Dayforce by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock valued at $278,193,000 after acquiring an additional 57,621 shares during the last quarter. FMR LLC raised its stake in Dayforce by 382.5% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $101,669,000 after acquiring an additional 4,584 shares during the last quarter.

Insider Activity

In related news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DAY. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Citigroup decreased their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Dayforce in a research note on Thursday, February 6th. TD Cowen raised Dayforce from a “hold” rating to a “buy” rating and raised their price objective for the company from $67.00 to $68.00 in a report on Friday, March 7th. Finally, Jefferies Financial Group lowered their target price on Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Dayforce Trading Down 1.5 %

DAY opened at $54.16 on Friday. The stock has a market cap of $8.57 billion, a PE ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. 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 twelve month low of $47.08 and a twelve month high of $82.69. The company has a fifty day moving average of $58.30 and a 200-day moving average of $67.24.

Dayforce (NYSE:DAY) last posted 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 return on equity of 6.49% and a net margin of 1.03%. On average, sell-side analysts predict 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.