Burren Capital Advisors Ltd Purchases New Stake in Dayforce, Inc. $DAY

Burren Capital Advisors Ltd acquired a new position in Dayforce, Inc. (NYSE:DAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,533 shares of the company’s stock, valued at approximately $726,000. Dayforce accounts for approximately 2.1% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its 13th biggest position.

Other large investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its position in shares of Dayforce by 17.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 16,244,490 shares of the company’s stock valued at $899,782,000 after buying an additional 2,383,969 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Dayforce by 1,055.0% in the third quarter. Assenagon Asset Management S.A. now owns 567,796 shares of the company’s stock valued at $39,115,000 after acquiring an additional 518,636 shares during the period. Vanguard Group Inc. grew its holdings in shares of Dayforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 17,648,163 shares of the company’s stock valued at $977,532,000 after purchasing an additional 296,198 shares during the last quarter. Holocene Advisors LP raised its position in shares of Dayforce by 289.8% during the 2nd quarter. Holocene Advisors LP now owns 308,274 shares of the company’s stock worth $17,075,000 after purchasing an additional 229,185 shares during the period. Finally, Sone Capital Management LLC lifted its holdings in shares of Dayforce by 152.6% in the 2nd quarter. Sone Capital Management LLC now owns 360,189 shares of the company’s stock worth $19,951,000 after purchasing an additional 217,576 shares during the last quarter.

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 current ratio of 1.04 and a quick ratio of 1.04. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $72.28. The stock’s 50 day moving average price is $69.53 and its 200 day moving average price is $68.63.

Insider Buying and Selling at Dayforce

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research raised Dayforce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. UBS Group cut shares of Dayforce from a “strong-buy” rating to a “hold” rating in a report 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dayforce currently has a consensus rating of “Hold” and a consensus price target of $70.36.

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