Optimize Financial Inc Makes New $223,000 Investment in Dayforce, Inc. $DAY

Optimize Financial Inc bought a new position in shares of Dayforce, Inc. (NYSE:DAY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,821 shares of the company’s stock, valued at approximately $223,000.

A number of other large investors also recently bought and sold shares of DAY. SVB Wealth LLC bought a new position in Dayforce during the 1st quarter worth approximately $30,000. National Pension Service boosted its position in Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company’s stock valued at $32,000 after purchasing an additional 231 shares during the period. Mather Group LLC. boosted its position in Dayforce by 196.9% during the 1st quarter. Mather Group LLC. now owns 962 shares of the company’s stock valued at $56,000 after purchasing an additional 638 shares during the period. Covestor Ltd boosted its position in Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company’s stock valued at $83,000 after purchasing an additional 193 shares during the period. Finally, Groupe la Francaise acquired a new position in Dayforce during the 1st quarter valued at approximately $143,000.

Dayforce Stock Down 0.6%

Shares of DAY stock opened at $68.93 on Wednesday. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $82.69. The stock has a market cap of $11.01 billion, a PE ratio of 229.77, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. The business’s fifty day moving average is $60.42 and its 200-day moving average is $58.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $457.83 million. Dayforce had a return on equity of 7.37% and a net margin of 2.65%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Equities analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. William Blair lowered Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Barclays boosted their price objective on Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 22nd. Mizuho set a $70.00 price objective on Dayforce in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Dayforce from $60.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, August 22nd. Finally, KeyCorp cut Dayforce from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Dayforce currently has a consensus rating of “Hold” and a consensus target price of $71.43.

Insider Buying and Selling

In related news, EVP William Everett Mcdonald sold 2,059 shares of Dayforce stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total value of $113,265.59. Following the transaction, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. The trade was a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total value of $110,020.00. Following the completion of the transaction, the chief operating officer owned 190,811 shares in the company, valued at $10,496,513.11. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,382 shares of company stock worth $539,860 in the last three months. 4.50% of the stock is currently owned by insiders.

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.