Tudor Investment Corp ET AL Invests $8.86 Million in Dayforce Inc (NYSE:DAY)

Tudor Investment Corp ET AL bought a new position in shares of Dayforce Inc (NYSE:DAY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,981 shares of the company’s stock, valued at approximately $8,861,000. Tudor Investment Corp ET AL owned 0.08% of Dayforce as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Three Seasons Wealth LLC acquired a new position in Dayforce during the fourth quarter valued at $341,000. Fuller & Thaler Asset Management Inc. grew its holdings in Dayforce by 10.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 752,406 shares of the company’s stock valued at $54,655,000 after buying an additional 73,611 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Dayforce by 19.6% in the 4th quarter. Hsbc Holdings PLC now owns 232,724 shares of the company’s stock valued at $16,921,000 after purchasing an additional 38,186 shares during the period. Stifel Financial Corp lifted its position in shares of Dayforce by 4.1% in the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company’s stock worth $378,000 after acquiring an additional 205 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Dayforce by 97.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,090 shares of the company’s stock valued at $660,000 after purchasing an additional 4,486 shares during the period.

Dayforce Stock Up 0.2 %

DAY stock opened at $57.36 on Wednesday. The company’s 50 day moving average is $56.78 and its 200 day moving average is $67.00. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 521.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Sell-side analysts predict that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen raised Dayforce from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Jefferies Financial Group cut their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company lowered their target price on Dayforce from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.79.

Insider Activity

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the transaction, the executive vice president now owns 150,237 shares of the company’s stock, valued at $8,509,423.68. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

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.