iSAM Funds UK Ltd Reduces Holdings in Dayforce Inc (NYSE:DAY)

iSAM Funds UK Ltd lowered its stake in shares of Dayforce Inc (NYSE:DAY) by 45.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,687 shares of the company’s stock after selling 3,965 shares during the quarter. iSAM Funds UK Ltd’s holdings in Dayforce were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quent Capital LLC purchased a new stake in Dayforce in the third quarter worth $28,000. Financial Perspectives Inc bought a new stake in shares of Dayforce during the 2nd quarter valued at $28,000. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce in the 3rd quarter worth about $40,000. Sentry Investment Management LLC bought a new position in shares of Dayforce in the 2nd quarter worth about $33,000. Finally, Quarry LP bought a new position in shares of Dayforce in the 3rd quarter worth about $51,000.

Insiders Place Their Bets

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $65.00, for a total transaction of $65,000.00. Following the sale, the chief operating officer now owns 100,437 shares of the company’s stock, valued at approximately $6,528,405. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 865,340 shares of company stock valued at $68,770,223. 4.90% of the stock is owned by insiders.

Dayforce Stock Up 1.7 %

DAY stock opened at $78.56 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The stock has a market capitalization of $12.39 billion, a P/E ratio of 238.07, a P/E/G ratio of 3.79 and a beta of 1.26. The business has a fifty day moving average price of $71.43 and a 200-day moving average price of $60.08.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. KeyCorp boosted their price target on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group upped their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC lifted their price objective on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Mizuho boosted their target price on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.08.

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.