Edmond DE Rothschild Holding S.A. Acquires Shares of 41,670 Dayforce, Inc. $DAY

Edmond DE Rothschild Holding S.A. bought a new position in Dayforce, Inc. (NYSE:DAY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 41,670 shares of the company’s stock, valued at approximately $2,308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DAY. Prudential Financial Inc. grew its stake in shares of Dayforce by 11.3% in the second quarter. Prudential Financial Inc. now owns 93,342 shares of the company’s stock worth $5,170,000 after acquiring an additional 9,464 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Dayforce by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock worth $83,429,000 after purchasing an additional 45,623 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in shares of Dayforce by 25.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,543 shares of the company’s stock worth $196,000 after acquiring an additional 729 shares during the period. Handelsbanken Fonder AB grew its position in Dayforce by 18.4% during the second quarter. Handelsbanken Fonder AB now owns 40,500 shares of the company’s stock valued at $2,243,000 after buying an additional 6,300 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dayforce in the 2nd quarter worth $699,000.

Dayforce Price Performance

DAY stock opened at $69.04 on Wednesday. The business has a 50 day moving average price of $68.69 and a 200 day moving average price of $63.02. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of -73.45, a PEG ratio of 2.67 and a beta of 1.20. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $81.93.

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

Insider Activity at Dayforce

In other news, major shareholder Price T. Rowe Associates Inc /M sold 10,147 shares of Dayforce stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $68.74, for a total transaction of $697,504.78. Following the sale, the insider owned 24,743,271 shares in the company, valued at approximately $1,700,852,448.54. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $68.87, for a total value of $137,740.00. Following the completion of the sale, the chief operating officer directly owned 178,814 shares of the company’s stock, valued at approximately $12,314,920.18. This trade represents a 1.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 76,179 shares of company stock valued at $5,219,460 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. William Blair downgraded Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. Citigroup downgraded Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Wednesday, September 17th. BMO Capital Markets reiterated a “market perform” rating and set a $70.00 price target (up from $67.00) on shares of Dayforce in a report on Friday, August 22nd. Finally, TD Cowen lowered Dayforce from a “buy” rating to 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.36.

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.