Dayforce (NYSE:DAY) Major Shareholder Price Rowe Associates Inc /M Sells 10,147 Shares

Dayforce, Inc. (NYSE:DAY) major shareholder Price Rowe Associates Inc /M sold 10,147 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $68.74, for a total value of $697,504.78. Following the completion of the sale, the insider owned 24,743,271 shares in the company, valued at approximately $1,700,852,448.54. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dayforce Stock Performance

DAY traded down $0.05 during trading hours on Monday, reaching $68.70. The company’s stock had a trading volume of 2,102,859 shares, compared to its average volume of 2,167,038. Dayforce, Inc. has a 52 week low of $48.01 and a 52 week high of $82.69. The company’s 50-day moving average is $68.86 and its 200-day moving average is $61.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $10.99 billion, a PE ratio of -73.08, a price-to-earnings-growth ratio of 2.53 and a beta of 1.17.

Dayforce (NYSE:DAY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $481.22 million. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new stake in shares of Dayforce during the 2nd quarter valued at $26,000. SVB Wealth LLC purchased a new position in Dayforce during the first quarter worth about $30,000. Assetmark Inc. boosted its holdings in shares of Dayforce by 701.4% in the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after purchasing an additional 491 shares in the last quarter. National Pension Service boosted its holdings in shares of Dayforce by 74.5% in the 1st quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Dayforce in the 3rd quarter worth about $34,000.

Analyst Ratings Changes

Several equities research analysts recently commented on DAY shares. Deutsche Bank Aktiengesellschaft raised their target price on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Wells Fargo & Company raised Dayforce from a “strong sell” rating to an “equal weight” rating and raised their target price for the stock from $50.00 to $70.00 in a research note on Friday, August 22nd. William Blair cut Dayforce from an “outperform” rating to a “hold” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dayforce in a research note on Thursday. Finally, Citigroup cut Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.36.

Dayforce Company 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.