Tower Research Capital LLC TRC Purchases 4,486 Shares of Dayforce Inc (NYSE:DAY)

Tower Research Capital LLC TRC grew its position in Dayforce Inc (NYSE:DAY) by 97.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,090 shares of the company’s stock after purchasing an additional 4,486 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Dayforce were worth $660,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company’s stock valued at $233,547,000 after buying an additional 2,548,779 shares during the period. Capital International Investors lifted its position in shares of Dayforce by 3.9% during the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock valued at $1,282,800,000 after acquiring an additional 667,065 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Dayforce by 18,250.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock worth $47,890,000 after acquiring an additional 657,013 shares in the last quarter. California Public Employees Retirement System grew its holdings in Dayforce by 189.0% in the fourth quarter. California Public Employees Retirement System now owns 567,561 shares of the company’s stock worth $41,228,000 after purchasing an additional 371,153 shares during the period. Finally, Vanguard Group Inc. increased its stake in Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock valued at $1,258,072,000 after purchasing an additional 197,773 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on DAY shares. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Citigroup decreased their price objective on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Jefferies Financial Group lowered their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Dayforce from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dayforce has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Dayforce Price Performance

Dayforce stock opened at $57.82 on Monday. The stock has a market cap of $9.15 billion, a P/E ratio of 525.68, a P/E/G ratio of 2.49 and a beta of 1.20. 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 company’s 50 day moving average price is $57.20 and its two-hundred day moving average price is $67.10. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69.

Dayforce (NYSE:DAY) last posted 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 return on equity of 6.49% and a net margin of 1.03%. On average, equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current year.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.

About Dayforce

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.