Metis Global Partners LLC Purchases 193 Shares of Dayforce Inc (NYSE:DAY)

Metis Global Partners LLC boosted its position in Dayforce Inc (NYSE:DAY) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,261 shares of the company’s stock after purchasing an additional 193 shares during the period. Metis Global Partners LLC’s holdings in Dayforce were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in DAY. Fisher Asset Management LLC increased its holdings in Dayforce by 38.4% in the 4th quarter. Fisher Asset Management LLC now owns 55,361 shares of the company’s stock worth $4,021,000 after acquiring an additional 15,359 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Dayforce in the fourth quarter worth about $227,000. Proficio Capital Partners LLC bought a new stake in shares of Dayforce in the fourth quarter valued at approximately $1,314,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Dayforce by 4.4% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 33,254 shares of the company’s stock valued at $2,416,000 after purchasing an additional 1,400 shares during the period. Finally, ING Groep NV lifted its stake in shares of Dayforce by 307.4% during the 4th quarter. ING Groep NV now owns 20,142 shares of the company’s stock valued at $1,463,000 after buying an additional 15,198 shares in the last quarter.

Dayforce Stock Performance

NYSE DAY opened at $57.28 on Thursday. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a fifty day moving average of $68.30 and a 200-day moving average of $67.85. The company has a market capitalization of $9.10 billion, a P/E ratio of 520.77, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.

Dayforce (NYSE:DAY) last issued its quarterly earnings results 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%. As a group, equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price target on shares of Dayforce in a research report on Thursday, February 6th. Barclays dropped their price objective on Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group reduced their target price on Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Finally, Mizuho upped their price target on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and an average target price of $78.64.

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.