APG Asset Management N.V. Increases Stock Position in Dayforce Inc (NYSE:DAY)

APG Asset Management N.V. increased its position in shares of Dayforce Inc (NYSE:DAY) by 464.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,200 shares of the company’s stock after buying an additional 71,739 shares during the period. APG Asset Management N.V.’s holdings in Dayforce were worth $6,117,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dayforce during the fourth quarter worth about $61,000. Federated Hermes Inc. acquired a new stake in Dayforce during the 4th quarter valued at approximately $72,000. AlphaQuest LLC increased its holdings in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after purchasing an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Dayforce by 69.0% in the 4th 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, National Bank of Canada FI purchased a new position in shares of Dayforce during the 3rd quarter valued at approximately $179,000.

Dayforce Stock Performance

DAY stock opened at $55.05 on Friday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 500.46, a PEG ratio of 2.49 and a beta of 1.20. 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 stock’s fifty day moving average is $59.35 and its two-hundred day moving average is $67.47.

Dayforce (NYSE:DAY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. On average, research analysts predict that Dayforce Inc will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

DAY has been the subject of a number of research analyst reports. Citigroup dropped their price target on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price (down previously from $94.00) on shares of Dayforce in a research report on Wednesday, February 5th. TD Cowen raised shares of 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 research report on Friday, March 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their target price on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report 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 stock. According to MarketBeat.com, Dayforce has an average rating of “Moderate Buy” and an average target price of $77.86.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Dayforce Company 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.