Dayforce, Inc. $DAY Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in Dayforce, Inc. (NYSE:DAY) by 1,126.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,653 shares of the company’s stock after purchasing an additional 66,731 shares during the quarter. Squarepoint Ops LLC’s holdings in Dayforce were worth $4,024,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Dayforce by 1.7% during the second quarter. Vanguard Group Inc. now owns 17,648,163 shares of the company’s stock worth $977,532,000 after purchasing an additional 296,198 shares during the period. Price T Rowe Associates Inc. MD raised its position in Dayforce by 9.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company’s stock worth $969,470,000 after buying an additional 1,387,943 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in 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 buying an additional 2,383,969 shares during the last quarter. Dragoneer Investment Group LLC lifted its stake in shares of Dayforce by 0.5% in 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. Finally, Geode Capital Management LLC boosted its holdings in shares of Dayforce by 0.3% in the second quarter. Geode Capital Management LLC now owns 4,014,285 shares of the company’s stock valued at $221,912,000 after acquiring an additional 13,139 shares in the last quarter.

Dayforce Price Performance

Shares of NYSE:DAY opened at $69.30 on Tuesday. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of -73.72, a price-to-earnings-growth ratio of 2.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day simple moving average is $68.75 and its 200-day simple moving average is $64.06. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $78.06.

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

Insider Transactions at Dayforce

In other Dayforce news, EVP William Everett Mcdonald sold 1,912 shares of Dayforce stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $68.25, for a total transaction of $130,494.00. Following the completion of the transaction, the executive vice president owned 101,772 shares in the company, valued at approximately $6,945,939. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Samer Alkharrat sold 3,233 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $68.55, for a total transaction of $221,622.15. Following the completion of the sale, the executive vice president directly owned 117,934 shares in the company, valued at $8,084,375.70. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 74,179 shares of company stock worth $5,081,560. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. William Blair cut shares of Dayforce from an “outperform” rating to a “hold” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 8th. Wells Fargo & Company raised Dayforce from a “strong sell” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $70.00 in a report on Friday, August 22nd. KeyCorp lowered Dayforce from an “overweight” rating to a “sector weight” rating in a report on Friday, August 22nd. Finally, Jefferies Financial Group increased their price objective on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.