Dayforce Inc (NYSE:DAY) Holdings Decreased by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC lowered its position in Dayforce Inc (NYSE:DAY) by 49.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860,525 shares of the company’s stock after selling 3,758,749 shares during the quarter. Dayforce makes up approximately 4.9% of Dragoneer Investment Group LLC’s portfolio, making the stock its 9th biggest position. Dragoneer Investment Group LLC owned about 2.45% of Dayforce worth $280,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DAY. Harvest Fund Management Co. Ltd purchased a new stake in Dayforce during the 4th quarter valued at about $61,000. Federated Hermes Inc. bought a new position in shares of Dayforce during the fourth quarter valued at about $72,000. AlphaQuest LLC lifted its holdings in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after buying an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after buying an additional 501 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock valued at $213,000 after buying an additional 1,002 shares during the period.

Dayforce Stock Down 0.9 %

Shares of NYSE:DAY opened at $57.90 on Wednesday. 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 fifty day simple moving average of $56.29 and a two-hundred day simple moving average of $66.80. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 526.39, a PEG ratio of 2.49 and a beta of 1.17.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) 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%. On average, research analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Dayforce

In related news, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the sale, the executive vice president now directly owns 150,237 shares of the company’s stock, valued at $8,509,423.68. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at approximately $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 company insiders.

Wall Street Analyst Weigh In

DAY has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price target (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. KeyCorp cut their target price on shares of Dayforce from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $68.00 in a research report on Friday, March 7th. Scotiabank lowered their price objective on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, March 17th. Finally, Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dayforce has a consensus rating of “Moderate Buy” and a consensus price target of $73.79.

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.