Lbp Am Sa Sells 28,777 Shares of Dayforce, Inc. $DAY

Lbp Am Sa decreased its holdings in Dayforce, Inc. (NYSE:DAY) by 41.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,219 shares of the company’s stock after selling 28,777 shares during the quarter. Lbp Am Sa’s holdings in Dayforce were worth $2,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DAY. Vanguard Group Inc. boosted its stake in shares of Dayforce by 1.7% during the 2nd 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 in the last quarter. EdgePoint Investment Group Inc. grew its holdings 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 worth $899,782,000 after acquiring an additional 2,383,969 shares during the period. Dragoneer Investment Group LLC grew its holdings in shares of Dayforce by 0.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 4,749,842 shares of the company’s stock worth $263,094,000 after acquiring an additional 23,592 shares during the period. Geode Capital Management LLC raised its position in shares of Dayforce by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 4,014,285 shares of the company’s stock worth $221,912,000 after acquiring an additional 13,139 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dayforce by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock valued at $83,429,000 after purchasing an additional 45,623 shares in the last quarter.

Insider Buying and Selling

In other news, major shareholder Price T. Rowe Associates Inc /M sold 10,147 shares of Dayforce stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $68.74, for a total transaction of $697,504.78. Following the transaction, the insider directly owned 24,743,271 shares of the company’s stock, valued at $1,700,852,448.54. The trade was a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $68.87, for a total transaction of $137,740.00. Following the completion of the transaction, the chief operating officer owned 178,814 shares of the company’s stock, valued at approximately $12,314,920.18. The trade was a 1.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 51,705 shares of company stock valued at $3,542,990. 4.50% of the stock is owned by corporate insiders.

Dayforce Trading Down 0.1%

NYSE:DAY opened at $69.34 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $75.14. The company has a market cap of $11.10 billion, a PE ratio of -73.77, a price-to-earnings-growth ratio of 2.12 and a beta of 1.18. The company has a 50 day simple moving average of $69.20 and a two-hundred day simple moving average of $66.61.

Dayforce (NYSE:DAY) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share 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 the consensus estimate of $481.22 million. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dayforce in a report on Monday, December 29th. Zacks Research upgraded shares of Dayforce from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group lowered shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dayforce presently has an average rating of “Hold” and an average target price of $70.36.

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