Dayforce, Inc. $DAY Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in Dayforce, Inc. (NYSE:DAY) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,823 shares of the company’s stock after selling 979 shares during the period. Fifth Third Bancorp’s holdings in Dayforce were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DAY. Xponance Inc. increased its position in Dayforce by 0.8% during the 1st quarter. Xponance Inc. now owns 22,673 shares of the company’s stock worth $1,323,000 after purchasing an additional 179 shares during the period. Covestor Ltd increased its position in Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company’s stock worth $83,000 after purchasing an additional 193 shares during the period. HighTower Advisors LLC increased its position in Dayforce by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 5,931 shares of the company’s stock worth $346,000 after purchasing an additional 203 shares during the period. National Pension Service increased its position in Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 shares during the period. Finally, Aberdeen Group plc increased its position in Dayforce by 2.2% during the 1st quarter. Aberdeen Group plc now owns 11,626 shares of the company’s stock worth $674,000 after purchasing an additional 245 shares during the period.

Insiders Place Their Bets

In other Dayforce news, EVP William Everett Mcdonald sold 2,059 shares of the company’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 completion of the sale, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. This represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $68.95, for a total value of $137,900.00. Following the sale, the chief operating officer owned 186,811 shares of the company’s stock, valued at $12,880,618.45. This represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,950 shares of company stock worth $861,578 over the last three months. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAY. Piper Sandler upgraded Dayforce to a “strong-buy” rating in a research report on Tuesday, August 19th. Needham & Company LLC cut Dayforce from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Friday, August 22nd. William Blair cut Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Citigroup lowered Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Wednesday, September 17th. Finally, Jefferies Financial Group boosted their price target on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $70.36.

Dayforce Trading Down 0.0%

Shares of Dayforce stock opened at $68.84 on Tuesday. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $82.69. The firm has a market cap of $10.99 billion, a PE ratio of 229.46, a P/E/G ratio of 2.54 and a beta of 1.14. The business’s fifty day moving average is $63.82 and its two-hundred day moving average is $59.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.

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

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.