Ossiam Sells 2,021 Shares of Dayforce Inc (NYSE:DAY)

Ossiam cut its position in Dayforce Inc (NYSE:DAY) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,525 shares of the company’s stock after selling 2,021 shares during the quarter. Ossiam’s holdings in Dayforce were worth $692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Dayforce in the fourth quarter valued at about $61,000. Federated Hermes Inc. bought a new position in shares of Dayforce during the fourth quarter worth approximately $72,000. AlphaQuest LLC raised its position in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after buying an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares during the period. Finally, GAMMA Investing LLC grew its position in Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $213,000 after buying an additional 1,002 shares in the last quarter.

Dayforce Stock Performance

NYSE DAY opened at $52.47 on Tuesday. The firm’s fifty day moving average price is $58.06 and its two-hundred day moving average price is $67.25. The stock has a market cap of $8.30 billion, a PE ratio of 477.04, a PEG ratio of 2.49 and a beta of 1.20. 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 Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. On average, equities analysts expect that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

DAY has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Jefferies Financial Group decreased their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Mizuho cut their price target on shares of Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.21.

Insider Buying and Selling

In related news, EVP William Everett Mcdonald sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the transaction, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% 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.