Pictet Asset Management Holding SA Raises Stock Holdings in Dayforce Inc (NYSE:DAY)

Pictet Asset Management Holding SA boosted its holdings in Dayforce Inc (NYSE:DAY) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 790,126 shares of the company’s stock after purchasing an additional 22,748 shares during the period. Pictet Asset Management Holding SA’s holdings in Dayforce were worth $57,395,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new position in Dayforce during the third quarter valued at about $51,000. Harvest Fund Management Co. Ltd bought a new position in shares of Dayforce during the 4th quarter valued at approximately $61,000. AlphaQuest LLC increased its stake in shares of 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 holdings 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 worth $89,000 after purchasing an additional 501 shares during the period. Finally, National Bank of Canada FI purchased a new position in Dayforce in the third quarter valued at approximately $179,000.

Dayforce Stock Performance

NYSE:DAY opened at $58.31 on Friday. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a market cap of $9.23 billion, a P/E ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33. The business’s 50-day moving average price is $63.29 and its two-hundred day moving average price is $67.91.

Dayforce (NYSE:DAY) last announced its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) 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%. As a group, equities analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Scotiabank dropped their price target on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday, March 17th. Finally, Barclays reduced their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’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 trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is currently owned by insiders.

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.