3,363 Shares in Dayforce Inc (NYSE:DAY) Bought by CFC Planning Co LLC

CFC Planning Co LLC acquired a new position in shares of Dayforce Inc (NYSE:DAY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,363 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Dayforce during the third quarter worth $40,000. Quarry LP acquired a new stake in shares of Dayforce during the third quarter worth $51,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Dayforce during the third quarter worth $74,000. Blue Trust Inc. acquired a new stake in shares of Dayforce during the third quarter worth $91,000. Finally, Signaturefd LLC acquired a new stake in shares of Dayforce during the third quarter worth $96,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. BMO Capital Markets lifted their target price on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays reduced their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Scotiabank reduced their target price on Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock 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 report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.64.

Dayforce Stock Performance

Shares of Dayforce stock opened at $66.60 on Friday. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 605.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The stock’s 50-day moving average is $72.11 and its 200-day moving average is $66.84. 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 current ratio of 1.13 and a quick ratio of 1.15.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 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%. Equities analysts predict that Dayforce Inc will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate 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.