Dayforce (NYSE:DAY) Insider Sells $34,680.00 in Stock

Dayforce, Inc. (NYSE:DAY) insider Jeffrey Scott Jacobs sold 500 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $69.36, for a total transaction of $34,680.00. Following the transaction, the insider owned 48,901 shares of the company’s stock, valued at approximately $3,391,773.36. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dayforce Trading Up 0.0%

NYSE DAY traded up $0.03 on Wednesday, hitting $69.36. 2,461,833 shares of the stock were exchanged, compared to its average volume of 3,159,741. The company’s 50-day moving average price is $69.20 and its two-hundred day moving average price is $66.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. Dayforce, Inc. has a 52-week low of $48.01 and a 52-week high of $74.03. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of -73.78, a P/E/G ratio of 2.12 and a beta of 1.18.

Dayforce (NYSE:DAY) last issued 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 business had revenue of $481.60 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Research analysts predict that Dayforce, Inc. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DAY shares. Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a research note on Thursday, October 30th. Zacks Research raised shares of Dayforce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 29th. Finally, UBS Group cut Dayforce from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.36.

Institutional Investors Weigh In On Dayforce

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pentwater Capital Management LP acquired a new position in Dayforce in the third quarter valued at about $378,895,000. EdgePoint Investment Group Inc. raised its position in shares of Dayforce by 17.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 16,244,490 shares of the company’s stock valued at $899,782,000 after acquiring an additional 2,383,969 shares during the period. Syquant Capital Sas bought a new position in Dayforce during the 4th quarter worth approximately $159,465,000. Assenagon Asset Management S.A. increased its stake in Dayforce by 200.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,704,564 shares of the company’s stock valued at $117,888,000 after purchasing an additional 1,136,768 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Dayforce in the third quarter worth $52,316,000.

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. The company also provides payroll and payroll-related services; and implementation and professional services.