Dayforce, Inc. $DAY Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its stake in shares of Dayforce, Inc. (NYSE:DAY) by 22.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,430,492 shares of the company’s stock after selling 709,940 shares during the quarter. Bamco Inc. NY owned about 1.52% of Dayforce worth $134,625,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its stake in Dayforce by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock worth $1,103,000 after acquiring an additional 196 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Dayforce by 3.5% during the first 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 last quarter. National Pension Service increased its position in shares of Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Dayforce by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock valued at $40,000 after purchasing an additional 240 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Dayforce by 2.2% in the 1st quarter. Aberdeen Group plc now owns 11,626 shares of the company’s stock valued at $674,000 after purchasing an additional 245 shares during the last quarter.

Analyst Ratings Changes

DAY has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Dayforce in a research report on Monday. Zacks Research cut shares of Dayforce from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. KeyCorp cut shares of Dayforce from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 22nd. Finally, Mizuho set a $70.00 price objective on shares of Dayforce in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.36.

Insider Buying and Selling

In other Dayforce news, major shareholder Price T. Rowe Associates Inc /M sold 39,558 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $68.45, for a total transaction of $2,707,745.10. Following the sale, the insider directly owned 24,753,418 shares in the company, valued at approximately $1,694,371,462.10. The trade was a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $68.95, for a total transaction of $137,900.00. Following the transaction, the chief operating officer directly owned 186,811 shares in the company, valued at approximately $12,880,618.45. This trade represents a 1.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 76,179 shares of company stock valued at $5,219,460 over the last quarter. Company insiders own 4.50% of the company’s stock.

Dayforce Trading Up 0.1%

Shares of Dayforce stock opened at $69.25 on Friday. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of -73.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. Dayforce, Inc. has a 52-week low of $48.01 and a 52-week high of $78.06. The company’s 50-day simple moving average is $68.74 and its 200-day simple moving average is $63.90. 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 data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. The business had revenue of $481.60 million during the quarter, compared to analysts’ expectations of $481.22 million. During the same period in the prior year, the firm posted $0.47 EPS. Dayforce’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research 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.