Dayforce Inc (NYSE:DAY) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Dayforce Inc (NYSE:DAY) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,971 shares of the company’s stock after selling 2,961 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Dayforce were worth $3,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors increased its stake in Dayforce by 3.9% in the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock valued at $1,282,800,000 after buying an additional 667,065 shares during the period. Vanguard Group Inc. lifted its holdings in Dayforce by 1.2% in the 4th 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. Capital World Investors lifted its holdings in Dayforce by 1.0% in the 4th quarter. Capital World Investors now owns 13,654,333 shares of the company’s stock valued at $991,851,000 after purchasing an additional 128,578 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dayforce by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock valued at $278,193,000 after purchasing an additional 57,621 shares in the last quarter. Finally, FMR LLC lifted its holdings in Dayforce by 382.5% in the 4th quarter. FMR LLC now owns 3,215,123 shares of the company’s stock valued at $233,547,000 after purchasing an additional 2,548,779 shares in the last quarter.

Dayforce Stock Performance

DAY stock opened at $57.69 on Friday. 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 stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 524.53, a PEG ratio of 2.49 and a beta of 1.17. 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 is $56.81 and its two-hundred day moving average is $65.26.

Analysts Set New Price Targets

DAY has been the topic of several recent analyst reports. Mizuho cut their price objective on shares of Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus cut their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Piper Sandler cut their price objective on shares of Dayforce from $83.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th. Finally, Barclays cut their price objective on shares of Dayforce from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dayforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.54.

Insider Buying and Selling at Dayforce

In other news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 directly owns 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the transaction, the executive vice president now owns 150,237 shares of the company’s stock, valued at $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company 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.