Catalyst Funds Management Pty Ltd Acquires 6,300 Shares of Dayforce, Inc. $DAY

Catalyst Funds Management Pty Ltd lifted its holdings in shares of Dayforce, Inc. (NYSE:DAY) by 112.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,900 shares of the company’s stock after acquiring an additional 6,300 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Dayforce were worth $659,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC bought a new stake in Dayforce in the 1st quarter valued at $30,000. Assetmark Inc. increased its holdings in shares of Dayforce by 701.4% in the second quarter. Assetmark Inc. now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares during the last quarter. National Pension Service raised its position in shares of Dayforce by 74.5% in the first 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. Covestor Ltd lifted its stake in shares of Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company’s stock worth $83,000 after buying an additional 193 shares during the last quarter. Finally, Groupe la Francaise bought a new stake in shares of Dayforce during the 1st quarter worth about $143,000.

Insider Activity at Dayforce

In related news, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $68.95, for a total transaction of $137,900.00. Following the completion of the sale, the chief operating officer owned 186,811 shares of the company’s stock, valued at $12,880,618.45. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Price T. Rowe Associates Inc /M sold 39,558 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $68.45, for a total transaction of $2,707,745.10. Following the sale, the insider owned 24,753,418 shares in the company, valued at $1,694,371,462.10. The trade was a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 76,179 shares of company stock valued at $5,219,460 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAY has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $70.00 price target (down from $72.00) on shares of Dayforce in a report on Friday, September 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a research report on Thursday, October 30th. Piper Sandler raised Dayforce to a “strong-buy” rating in a report on Tuesday, August 19th. UBS Group downgraded Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.36.

Dayforce Trading Down 0.1%

Shares of DAY stock opened at $68.88 on Friday. The stock has a market cap of $11.02 billion, a P/E ratio of -73.27, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $82.69. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $68.69 and a 200 day simple moving average of $62.69.

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

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.