Dayforce (NYSE:DAY) Insider Sells $34,680.00 in Stock

Dayforce, Inc. (NYSE:DAY) insider Jeffrey Scott Jacobs sold 500 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the transaction, the insider directly owned 48,901 shares in the company, valued at approximately $3,391,773.36. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dayforce Stock Up 0.2%

NYSE DAY opened at $69.30 on Friday. The stock has a market capitalization of $11.09 billion, a P/E ratio of -73.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18. Dayforce, Inc. has a 52 week low of $48.01 and a 52 week high of $72.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average of $69.22 and a 200-day moving average of $66.74.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.19). The firm had revenue of $481.60 million during the quarter, compared to the consensus estimate 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 was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 EPS. On average, equities research analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAY. Pentwater Capital Management LP bought a new stake in shares of Dayforce in the third quarter worth about $378,895,000. EdgePoint Investment Group Inc. grew its position in shares of Dayforce by 17.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 16,244,490 shares of the company’s stock valued at $899,782,000 after purchasing an additional 2,383,969 shares during the period. Syquant Capital Sas bought a new stake in Dayforce during the 4th quarter worth approximately $159,465,000. Assenagon Asset Management S.A. raised its holdings in Dayforce by 200.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,704,564 shares of the company’s stock worth $117,888,000 after buying an additional 1,136,768 shares during the period. Finally, Magnetar Financial LLC bought a new position in Dayforce in the third quarter valued at approximately $52,316,000.

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.