Public Employees Retirement System of Ohio Has $2.64 Million Stock Holdings in Dayforce, Inc. $DAY

Public Employees Retirement System of Ohio lifted its holdings in shares of Dayforce, Inc. (NYSE:DAY) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,668 shares of the company’s stock after buying an additional 1,022 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dayforce were worth $2,640,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DAY. EdgePoint Investment Group Inc. boosted its stake in shares of Dayforce by 55.0% during the 1st quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company’s stock worth $808,484,000 after buying an additional 4,918,825 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Dayforce by 9.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company’s stock valued at $969,470,000 after purchasing an additional 1,387,943 shares during the period. Invesco Ltd. raised its holdings in shares of Dayforce by 36.0% in the 1st quarter. Invesco Ltd. now owns 3,583,632 shares of the company’s stock valued at $209,033,000 after purchasing an additional 948,436 shares during the period. Nuveen LLC bought a new stake in shares of Dayforce in the 1st quarter valued at about $28,416,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Dayforce by 27.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 960,484 shares of the company’s stock valued at $56,025,000 after purchasing an additional 208,078 shares during the period.

Dayforce Stock Up 0.2%

Shares of DAY opened at $69.00 on Thursday. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69. The firm’s 50 day moving average is $64.22 and its 200-day moving average is $59.59. The stock has a market capitalization of $11.02 billion, a PE ratio of 229.99, a P/E/G ratio of 2.54 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

Dayforce (NYSE:DAY) last announced its earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The company had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $457.83 million. During the same period last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DAY shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $70.00 target price (up from $67.00) on shares of Dayforce in a report on Friday, August 22nd. UBS Group upped their target price on shares of Dayforce from $68.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 5th. William Blair cut shares of Dayforce from an “outperform” rating to a “hold” rating in a report on Wednesday, August 20th. Barclays increased their price target on shares of Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 22nd. Finally, Jefferies Financial Group increased their price target on shares of Dayforce from $60.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.36.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 2,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $68.95, for a total transaction of $137,900.00. Following the sale, the chief operating officer owned 186,811 shares in the company, valued at approximately $12,880,618.45. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Samer Alkharrat sold 4,659 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $59.69, for a total transaction of $278,095.71. Following the sale, the executive vice president owned 127,632 shares in the company, valued at $7,618,354.08. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,950 shares of company stock valued at $861,578. 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.