Vanguard Group Inc. Sells 300,469 Shares of Dayforce, Inc. $DAY

Vanguard Group Inc. trimmed its holdings in shares of Dayforce, Inc. (NYSE:DAY) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,347,694 shares of the company’s stock after selling 300,469 shares during the quarter. Vanguard Group Inc. owned 0.11% of Dayforce worth $1,195,083,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dayforce by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,089 shares of the company’s stock worth $938,000 after acquiring an additional 559 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Dayforce in the 1st quarter worth approximately $251,000. CWM LLC increased its position in shares of Dayforce by 42.8% during the 2nd quarter. CWM LLC now owns 5,249 shares of the company’s stock valued at $291,000 after purchasing an additional 1,574 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Dayforce by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock valued at $1,103,000 after purchasing an additional 196 shares during the last quarter. Finally, AlphaQuest LLC raised its holdings in Dayforce by 45.3% during the 2nd quarter. AlphaQuest LLC now owns 12,421 shares of the company’s stock valued at $688,000 after buying an additional 3,873 shares during the period.

Dayforce Stock Up 1.5%

NYSE:DAY opened at $69.97 on Friday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of -74.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $72.28. 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 fifty day simple moving average of $69.46 and a 200-day simple moving average of $68.12.

Insiders Place Their Bets

In related news, insider Jeffrey Scott Jacobs sold 500 shares of Dayforce stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $69.36, for a total transaction of $34,680.00. Following the completion of the sale, the insider owned 48,901 shares in the company, valued at $3,391,773.36. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on DAY shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 29th. Needham & Company LLC restated a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. UBS Group cut shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Zacks Research upgraded shares of Dayforce from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dayforce currently has a consensus rating of “Hold” and a consensus target price 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.