Inceptionr LLC Purchases 11,814 Shares of Dayforce Inc (NYSE:DAY)

Inceptionr LLC boosted its position in shares of Dayforce Inc (NYSE:DAY) by 141.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,152 shares of the company’s stock after purchasing an additional 11,814 shares during the period. Inceptionr LLC’s holdings in Dayforce were worth $1,464,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DAY. Louisiana State Employees Retirement System bought a new position in Dayforce during the 3rd quarter worth about $545,000. US Bancorp DE increased its holdings in Dayforce by 66.3% during the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company’s stock worth $145,000 after purchasing an additional 942 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Dayforce during the 3rd quarter worth about $40,000. Harbor Capital Advisors Inc. acquired a new position in shares of Dayforce during the 3rd quarter worth about $192,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Dayforce during the 3rd quarter worth about $1,597,000.

Insiders Place Their Bets

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the sale, the chief operating officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho increased their price objective on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Piper Sandler restated 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. 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group reduced their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Dayforce Trading Up 0.4 %

Shares of NYSE:DAY opened at $57.28 on Thursday. The company has a 50-day simple moving average of $68.30 and a 200 day simple moving average of $67.85. 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 company has a market capitalization of $9.10 billion, a P/E ratio of 520.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69.

Dayforce (NYSE:DAY) last issued its quarterly earnings data 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 return on equity of 6.49% and a net margin of 1.03%. Sell-side analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current year.

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.