Metis Global Partners LLC Sells 4,767 Shares of Dayforce Inc (NYSE:DAY)

Metis Global Partners LLC lowered its holdings in shares of Dayforce Inc (NYSE:DAY) by 48.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,068 shares of the company’s stock after selling 4,767 shares during the period. Metis Global Partners LLC’s holdings in Dayforce were worth $310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV acquired a new stake in shares of Dayforce during the 3rd quarter valued at about $946,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Dayforce in the third quarter worth about $19,273,000. State of New Jersey Common Pension Fund D lifted its stake in Dayforce by 1.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock worth $3,448,000 after purchasing an additional 640 shares during the period. Principal Financial Group Inc. acquired a new stake in Dayforce during the third quarter valued at approximately $11,135,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Dayforce during the third quarter valued at approximately $3,485,000.

Dayforce Price Performance

Shares of DAY stock opened at $74.70 on Tuesday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $81.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $65.44 and its 200-day moving average is $58.15. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 226.36, a PEG ratio of 3.50 and a beta of 1.27.

Insider Buying and Selling

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $65.00, for a total transaction of $65,000.00. Following the transaction, the chief operating officer now directly owns 100,437 shares in the company, valued at approximately $6,528,405. This represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,643 shares of company stock worth $384,617 in the last quarter. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

DAY has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and set a $94.00 target price (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Barclays lifted their price objective on Dayforce from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC boosted their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Dayforce Company 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.