US Bancorp DE Sells 292 Shares of Dayforce, Inc. $DAY

US Bancorp DE lowered its position in Dayforce, Inc. (NYSE:DAY) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,011 shares of the company’s stock after selling 292 shares during the period. US Bancorp DE’s holdings in Dayforce were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of Dayforce in the first quarter valued at approximately $486,000. Mackenzie Financial Corp raised its position in Dayforce by 26.4% in the 1st quarter. Mackenzie Financial Corp now owns 43,011 shares of the company’s stock worth $2,509,000 after purchasing an additional 8,973 shares during the last quarter. LPL Financial LLC raised its position in Dayforce by 83.5% in the 1st quarter. LPL Financial LLC now owns 60,716 shares of the company’s stock worth $3,542,000 after purchasing an additional 27,637 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dayforce by 9.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,835 shares of the company’s stock worth $2,965,000 after purchasing an additional 4,257 shares during the last quarter. Finally, Empirical Finance LLC raised its position in Dayforce by 8.4% in the 1st quarter. Empirical Finance LLC now owns 4,189 shares of the company’s stock worth $244,000 after purchasing an additional 323 shares during the last quarter.

Dayforce Price Performance

Shares of DAY stock 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 firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 176.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. 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 fifty day moving average of $56.45 and a 200-day moving average of $58.09.

Dayforce (NYSE:DAY) last announced its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $464.70 million during the quarter, compared to analyst estimates of $457.83 million. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. On average, equities research analysts forecast that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In other Dayforce news, 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 transaction of $278,095.71. Following the sale, the executive vice president directly owned 127,632 shares of the company’s stock, valued at $7,618,354.08. The trade was a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,382 shares of company stock valued at $539,860. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DAY shares. UBS Group boosted their price objective on shares of Dayforce from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. Piper Sandler dropped their price objective on shares of Dayforce from $83.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research report on Monday, June 30th. Jefferies Financial Group restated a “hold” rating on shares of Dayforce in a research report on Friday, May 23rd. Finally, KeyCorp dropped their price objective on shares of Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One equities 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 data from MarketBeat, Dayforce has an average rating of “Moderate Buy” and an average price target of $70.93.

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.