Dayforce Inc (NYSE:DAY) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lessened its stake in Dayforce Inc (NYSE:DAY) by 22.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,880 shares of the company’s stock after selling 1,436 shares during the period. V Square Quantitative Management LLC’s holdings in Dayforce were worth $354,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund purchased a new position in Dayforce in the 3rd quarter valued at approximately $20,942,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Dayforce in the 3rd quarter valued at approximately $19,273,000. Principal Financial Group Inc. purchased a new position in Dayforce in the 3rd quarter valued at approximately $11,135,000. EdgePoint Investment Group Inc. boosted its position in Dayforce by 1.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after buying an additional 112,086 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in Dayforce in the 3rd quarter valued at approximately $6,639,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. KeyCorp lifted 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. Stifel Nicolaus decreased their price objective on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. BMO Capital Markets lifted 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dayforce currently has a consensus rating of “Moderate Buy” and an average target price of $78.64.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Dayforce Stock Performance

NYSE DAY opened at $66.47 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a market capitalization of $10.48 billion, a PE ratio of 604.28, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a fifty day moving average of $71.66 and a two-hundred day moving average of $67.07.

Dayforce (NYSE:DAY) last announced its 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 1.03% and a return on equity of 6.49%. As a group, analysts expect that Dayforce Inc will post 1.41 earnings per share for the current year.

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.