Dayforce, Inc. (NYSE:DAY) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Dayforce, Inc. (NYSE:DAY) by 8.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,691 shares of the company’s stock after selling 1,631 shares during the period. SG Americas Securities LLC’s holdings in Dayforce were worth $1,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAY. Capital International Investors raised its stake in shares of Dayforce by 3.9% in the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock valued at $1,282,800,000 after acquiring an additional 667,065 shares during the period. Vanguard Group Inc. increased its holdings in Dayforce by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock valued at $1,258,072,000 after purchasing an additional 197,773 shares in the last quarter. Capital World Investors raised its position in Dayforce by 1.0% in the fourth quarter. Capital World Investors now owns 13,654,333 shares of the company’s stock valued at $991,851,000 after purchasing an additional 128,578 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock worth $278,193,000 after purchasing an additional 57,621 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company’s stock worth $233,547,000 after buying an additional 2,548,779 shares during the period.

Dayforce Stock Down 2.5%

NYSE:DAY opened at $56.88 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 355.52, a price-to-earnings-growth ratio of 2.26 and a beta of 1.12. Dayforce, Inc. has a one year low of $47.08 and a one year high of $82.69. The stock has a 50-day simple moving average of $57.61 and a 200 day simple moving average of $63.46.

Insiders Place Their Bets

In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value 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 approximately $5,935,606.56. The trade was a 1.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the sale, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DAY has been the topic of several analyst reports. UBS Group raised their target price on Dayforce from $68.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, June 5th. KeyCorp dropped their price objective on shares of Dayforce from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reissued a “hold” rating on shares of Dayforce in a research report on Friday, May 23rd. Wells Fargo & Company lowered shares of Dayforce from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $60.00 to $50.00 in a report on Friday, June 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Dayforce in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.86.

About Dayforce

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.