Dayforce, Inc. $DAY is Versor Investments LP’s 7th Largest Position

Versor Investments LP increased its stake in Dayforce, Inc. (NYSE:DAY) by 1,416.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,254 shares of the company’s stock after acquiring an additional 157,156 shares during the quarter. Dayforce makes up about 2.1% of Versor Investments LP’s portfolio, making the stock its 7th biggest holding. Versor Investments LP owned 0.11% of Dayforce worth $11,591,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. lifted its stake in shares of Dayforce by 9.4% in the third quarter. Resona Asset Management Co. Ltd. now owns 1,897 shares of the company’s stock worth $131,000 after buying an additional 163 shares in the last quarter. UMB Bank n.a. raised its holdings in Dayforce by 82.6% in the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock valued at $30,000 after acquiring an additional 195 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Dayforce by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock valued at $1,103,000 after acquiring an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dayforce by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock worth $40,000 after purchasing an additional 240 shares in the last quarter. Finally, CX Institutional lifted its stake in Dayforce by 7.0% in the 3rd quarter. CX Institutional now owns 3,785 shares of the company’s stock worth $261,000 after purchasing an additional 247 shares in the last quarter.

Insider Transactions at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 500 shares of Dayforce stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $69.36, for a total transaction of $34,680.00. Following the completion of the sale, the insider directly owned 48,901 shares in the company, valued at $3,391,773.36. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $68.87, for a total transaction of $137,740.00. Following the completion of the sale, the chief operating officer directly owned 178,814 shares in the company, valued at $12,314,920.18. This trade represents a 1.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.50% of the stock is currently owned by company insiders.

Dayforce Price Performance

DAY stock opened at $69.97 on Tuesday. Dayforce, Inc. has a 52-week low of $48.01 and a 52-week high of $72.28. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of -74.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. The business has a fifty day moving average of $69.30 and a two-hundred day moving average of $67.39.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAY shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. UBS Group cut Dayforce from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research raised Dayforce from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dayforce presently has a consensus rating of “Hold” and a consensus target price of $70.36.

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