E. Ohman J or Asset Management AB Acquires 2,200 Shares of Dayforce Inc (NYSE:DAY)

E. Ohman J or Asset Management AB lifted its holdings in shares of Dayforce Inc (NYSE:DAY) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,100 shares of the company’s stock after acquiring an additional 2,200 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dayforce were worth $588,000 at the end of the most recent reporting period.

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

Dayforce Stock Down 8.0 %

DAY opened at $66.02 on Thursday. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 200.08, a PEG ratio of 2.59 and a beta of 1.26. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $73.91 and its two-hundred day moving average price is $66.39. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

Dayforce (NYSE:DAY) last announced 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 3.12% and a return on equity of 6.69%. As a group, equities analysts expect that Dayforce Inc will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DAY shares. Stifel Nicolaus boosted their target price on shares of Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (down from $94.00) on shares of Dayforce in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. KeyCorp upped their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Barclays reduced their price objective on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.29.

Insider Activity at Dayforce

In related news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’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 sale, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 860,697 shares of company stock worth $68,456,936. 4.90% of the stock is owned by corporate 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.