Dayforce, Inc. $DAY Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its holdings in Dayforce, Inc. (NYSE:DAY) by 96.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,734 shares of the company’s stock after selling 47,876 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Dayforce were worth $96,000 as of its most recent SEC filing.

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

Insider Activity at Dayforce

In related news, EVP Samer Alkharrat sold 3,233 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $68.55, for a total transaction of $221,622.15. Following the completion of the sale, the executive vice president directly owned 117,934 shares in the company, valued at approximately $8,084,375.70. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Price T. Rowe Associates Inc /M sold 10,147 shares of Dayforce stock in a transaction on Friday, October 31st. The shares were sold at an average price of $68.74, for a total value of $697,504.78. Following the sale, the insider directly owned 24,743,271 shares of the company’s stock, valued at approximately $1,700,852,448.54. The trade was a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 74,179 shares of company stock worth $5,081,720 in the last quarter. 4.50% of the stock is owned by corporate insiders.

Dayforce Stock Up 0.2%

Shares of Dayforce stock opened at $68.96 on Thursday. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $82.69. The company has a market cap of $11.04 billion, a P/E ratio of -73.36, a P/E/G ratio of 2.66 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $68.72 and a 200 day moving average price of $62.27.

Dayforce (NYSE:DAY) last issued its earnings results 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). The business had revenue of $481.60 million during the quarter, compared to analyst estimates of $481.22 million. Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. Dayforce’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. As a group, analysts expect that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAY has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and set a $70.00 price objective (down from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dayforce in a report on Thursday, October 30th. KeyCorp cut Dayforce from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 22nd. Mizuho set a $70.00 price objective on Dayforce in a report on Friday, August 22nd. Finally, Citigroup cut shares of Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.36.

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.