Dayforce Inc (NYSE:DAY) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of Dayforce Inc (NYSE:DAY) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,681 shares of the company’s stock after selling 412 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dayforce were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DAY. Financial Perspectives Inc acquired a new position in shares of Dayforce during the second quarter worth approximately $28,000. Quent Capital LLC acquired a new stake in Dayforce in the third quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new stake in Dayforce in the second quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in Dayforce in the third quarter worth approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Dayforce in the second quarter worth approximately $62,000.

Dayforce Stock Performance

Shares of NYSE DAY opened at $74.81 on Wednesday. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.32. The company has a market cap of $11.80 billion, a P/E ratio of 226.70, a P/E/G ratio of 3.50 and a beta of 1.27. The business’s 50 day moving average is $65.80 and its two-hundred day moving average is $58.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DAY shares. Deutsche Bank Aktiengesellschaft upped their price target on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen upped their price target on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. BMO Capital Markets upped their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler reissued an “overweight” rating and set a $94.00 target price (up from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group boosted their target price on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the sale, the chief operating officer now directly owns 100,437 shares in the company, valued at $6,528,405. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,643 shares of company stock valued at $460,877 in the last ninety days. Company insiders own 4.90% of the company’s stock.

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.