Dayforce Inc (NYSE:DAY) Holdings Lowered by Blueshift Asset Management LLC

Blueshift Asset Management LLC trimmed its stake in shares of Dayforce Inc (NYSE:DAY) by 84.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,208 shares of the company’s stock after selling 17,826 shares during the period. Blueshift Asset Management LLC’s holdings in Dayforce were worth $233,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DAY. Harvest Fund Management Co. Ltd purchased a new stake in Dayforce in the 4th quarter worth about $61,000. Xponance Inc. lifted its stake in Dayforce by 1.6% in the 4th quarter. Xponance Inc. now owns 22,494 shares of the company’s stock worth $1,634,000 after acquiring an additional 357 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of Dayforce by 16.3% during the 4th quarter. Cibc World Markets Corp now owns 24,917 shares of the company’s stock worth $1,810,000 after purchasing an additional 3,485 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Dayforce during the 4th quarter worth about $307,000. Finally, Catalyst Funds Management Pty Ltd raised its stake in shares of Dayforce by 42.9% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 4,000 shares of the company’s stock worth $291,000 after purchasing an additional 1,200 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAY. TD Cowen raised Dayforce from a “hold” rating to a “buy” rating and raised their price target for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (down from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Barclays cut their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Scotiabank cut their price target on Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Dayforce currently has a consensus rating of “Moderate Buy” and an average price target of $77.86.

Insider Buying and Selling at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.

Dayforce Stock Up 1.3 %

DAY stock opened at $58.40 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The stock has a market capitalization of $9.24 billion, a P/E ratio of 530.94, a P/E/G ratio of 2.49 and a beta of 1.33. The business has a 50-day moving average of $64.35 and a 200-day moving average of $67.77. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. On average, sell-side analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

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.