Cetera Investment Advisers Has $444,000 Stock Position in Dayforce, Inc. $DAY

Cetera Investment Advisers decreased its position in shares of Dayforce, Inc. (NYSE:DAY) by 56.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,614 shares of the company’s stock after selling 9,718 shares during the period. Cetera Investment Advisers’ holdings in Dayforce were worth $444,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Machina Capital S.A.S. acquired a new stake in shares of Dayforce in the first quarter worth about $400,000. CWM LLC lifted its position in shares of Dayforce by 7.6% in the first quarter. CWM LLC now owns 3,675 shares of the company’s stock worth $214,000 after buying an additional 258 shares during the last quarter. Xponance Inc. lifted its position in shares of Dayforce by 0.8% in the first quarter. Xponance Inc. now owns 22,673 shares of the company’s stock worth $1,323,000 after buying an additional 179 shares during the last quarter. CFC Planning Co LLC lifted its position in shares of Dayforce by 18.6% in the first quarter. CFC Planning Co LLC now owns 3,989 shares of the company’s stock worth $233,000 after buying an additional 626 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Dayforce by 0.7% in the first quarter. State of Michigan Retirement System now owns 43,110 shares of the company’s stock worth $2,515,000 after buying an additional 300 shares during the last quarter.

Dayforce Trading Down 0.9%

Shares of DAY opened at $52.92 on Monday. Dayforce, Inc. has a 12-month low of $48.01 and a 12-month high of $82.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 176.41, a P/E/G ratio of 1.98 and a beta of 1.11. The stock’s 50-day moving average price is $56.45 and its 200 day moving average price is $58.09.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Dayforce had a return on equity of 7.37% and a net margin of 2.65%. The firm had revenue of $464.70 million for the quarter, compared to analyst estimates of $457.83 million. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAY. UBS Group boosted their price target on Dayforce from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. KeyCorp reduced their price target on Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Citigroup boosted their price target on Dayforce from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Dayforce in a research note on Tuesday, June 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research note on Monday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.93.

Insider Activity at Dayforce

In related news, EVP William Everett Mcdonald sold 2,059 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $113,265.59. Following the transaction, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Samer Alkharrat sold 4,659 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $59.69, for a total value of $278,095.71. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,382 shares of company stock worth $539,860 over the last three months. Company insiders own 4.50% of the company’s stock.

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.