Norinchukin Bank The Increases Stock Holdings in Dayforce Inc (NYSE:DAY)

Norinchukin Bank The raised its stake in shares of Dayforce Inc (NYSE:DAY) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,018 shares of the company’s stock after purchasing an additional 1,539 shares during the quarter. Norinchukin Bank The’s holdings in Dayforce were worth $655,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new position in shares of Dayforce during the fourth quarter valued at about $61,000. Federated Hermes Inc. purchased a new position in shares of Dayforce during the 4th quarter worth approximately $72,000. AlphaQuest LLC raised its position in shares of Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after acquiring an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 during the period. Finally, GAMMA Investing LLC boosted its position in shares of Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $213,000 after purchasing an additional 1,002 shares in the last quarter.

Dayforce Trading Up 2.3 %

Shares of NYSE:DAY opened at $53.51 on Wednesday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The stock’s fifty day moving average price is $57.79 and its 200-day moving average price is $67.16. The company has a market cap of $8.47 billion, a P/E ratio of 486.50, a PEG ratio of 2.49 and a beta of 1.20. 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 announced 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%. Sell-side analysts expect that Dayforce Inc will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

DAY has been the subject of a number of research reports. Jefferies Financial Group decreased their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of Dayforce from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $68.00 in a report on Friday, March 7th. 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. Finally, Mizuho cut their price target on Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Insiders Place Their Bets

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is currently owned by 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.