BCK Capital Management LP Buys Shares of 10,201 Dayforce, Inc. $DAY

BCK Capital Management LP purchased a new position in shares of Dayforce, Inc. (NYSE:DAY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,201 shares of the company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in Dayforce during the second quarter worth $26,000. UMB Bank n.a. grew its holdings in Dayforce by 82.6% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock worth $30,000 after acquiring an additional 195 shares during the period. Assetmark Inc. raised its position in shares of Dayforce by 701.4% in the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after acquiring an additional 491 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Dayforce in the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 period.

Insider Activity

In related news, insider Jeffrey Scott Jacobs sold 500 shares of Dayforce stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $69.36, for a total transaction of $34,680.00. Following the transaction, the insider owned 48,901 shares of the company’s stock, valued at $3,391,773.36. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by insiders.

Dayforce Price Performance

Shares of NYSE DAY opened at $69.97 on Friday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of -74.44, a PEG ratio of 2.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $72.28. The firm’s 50-day simple moving average is $69.46 and its 200 day simple moving average is $68.01.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DAY shares. Zacks Research raised Dayforce from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a research report on Thursday, October 30th. UBS Group lowered shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.36.

About Dayforce

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. The company also provides payroll and payroll-related services; and implementation and professional services.