Seeds Investor LLC Purchases Shares of 3,474 Dayforce Inc (NYSE:DAY)

Seeds Investor LLC acquired a new stake in Dayforce Inc (NYSE:DAY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,474 shares of the company’s stock, valued at approximately $252,000.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in shares of Dayforce by 11.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock worth $368,000 after buying an additional 602 shares during the period. Stifel Financial Corp boosted its holdings in shares of Dayforce by 16.0% during the third quarter. Stifel Financial Corp now owns 5,001 shares of the company’s stock worth $306,000 after acquiring an additional 691 shares during the period. National Bank of Canada FI acquired a new position in shares of Dayforce in the third quarter valued at approximately $179,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Dayforce by 16.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 43,430 shares of the company’s stock worth $2,660,000 after purchasing an additional 6,022 shares during the period. Finally, M&T Bank Corp acquired a new stake in Dayforce during the 3rd quarter worth approximately $505,000.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Jefferies Financial Group lowered their price target on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Scotiabank dropped their price target on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, March 17th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and an average target price of $77.86.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Dayforce Stock Performance

NYSE:DAY opened at $55.05 on Monday. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $59.35 and its 200 day simple moving average is $67.53. The firm has a market capitalization of $8.71 billion, a PE ratio of 500.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. On average, analysts anticipate that Dayforce Inc will post 1.48 EPS for the current fiscal year.

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.