Andra AP fonden Purchases 31,623 Shares of Dayforce, Inc. $DAY

Andra AP fonden grew its holdings in Dayforce, Inc. (NYSE:DAY) by 799.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,578 shares of the company’s stock after purchasing an additional 31,623 shares during the period. Andra AP fonden’s holdings in Dayforce were worth $1,971,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SVB Wealth LLC bought a new position in Dayforce in the 1st quarter valued at approximately $30,000. Assetmark Inc. boosted its stake in shares of Dayforce by 701.4% during the second quarter. Assetmark Inc. now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares in the last quarter. National Pension Service boosted its stake in shares of Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company’s stock valued at $32,000 after purchasing an additional 231 shares in the last quarter. Covestor Ltd grew its holdings in shares of Dayforce by 15.6% during the first quarter. Covestor Ltd now owns 1,430 shares of the company’s stock worth $83,000 after purchasing an additional 193 shares during the last quarter. Finally, Groupe la Francaise acquired a new position in shares of Dayforce in the first quarter valued at approximately $143,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAY shares. Wells Fargo & Company upgraded shares of Dayforce from a “strong sell” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $70.00 in a research report on Friday, August 22nd. Mizuho set a $70.00 price target on shares of Dayforce in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Barclays increased their price objective on Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 22nd. Finally, William Blair downgraded Dayforce from an “outperform” rating to a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.36.

Dayforce Price Performance

DAY stock opened at $68.38 on Friday. 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 cap of $10.94 billion, a price-to-earnings ratio of -72.74, a PEG ratio of 2.64 and a beta of 1.20. The company’s fifty day simple moving average is $68.76 and its 200 day simple moving average is $62.02. Dayforce, Inc. has a 12-month low of $48.01 and a 12-month high of $82.69.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). The business had revenue of $481.60 million during the quarter, compared to the consensus estimate of $481.22 million. Dayforce had a positive return on equity of 6.54% and a negative net margin of 7.91%.The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. On average, analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Stephen H. Holdridge sold 2,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $68.25, for a total transaction of $136,500.00. Following the transaction, the chief operating officer directly owned 184,811 shares of the company’s stock, valued at $12,613,350.75. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Everett Mcdonald sold 1,912 shares of Dayforce stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $68.25, for a total transaction of $130,494.00. Following the completion of the sale, the executive vice president directly owned 101,772 shares of the company’s stock, valued at approximately $6,945,939. This trade represents a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 74,179 shares of company stock valued at $5,081,720. Company insiders own 4.50% of the company’s stock.

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.