Retireful LLC Invests $666,000 in Dayforce, Inc. $DAY

Retireful LLC bought a new position in shares of Dayforce, Inc. (NYSE:DAY) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,673 shares of the company’s stock, valued at approximately $666,000.

A number of other hedge funds have also added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new position in Dayforce in the 2nd quarter valued at approximately $26,000. Assetmark Inc. increased its holdings in shares of Dayforce by 701.4% during the second quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after buying an additional 491 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Dayforce by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock valued at $40,000 after acquiring an additional 240 shares during the last quarter. State of Wyoming acquired a new stake in shares of Dayforce during the 2nd quarter valued at $54,000. Finally, Praxis Investment Management Inc. bought a new stake in Dayforce during the 3rd quarter worth $228,000.

Insider Activity at Dayforce

In other news, EVP William Everett Mcdonald sold 1,912 shares of Dayforce stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $68.25, for a total value of $130,494.00. Following the completion of the sale, the executive vice president owned 101,772 shares in the company, valued at $6,945,939. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $68.87, for a total transaction of $137,740.00. Following the transaction, the chief operating officer owned 178,814 shares in the company, valued at $12,314,920.18. The trade was a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 70,947 shares of company stock worth $4,859,263. Corporate insiders own 4.50% of the company’s stock.

Dayforce Trading Up 0.1%

NYSE:DAY opened at $69.19 on Monday. The firm has a market cap of $11.07 billion, a P/E ratio of -73.61, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. Dayforce, Inc. has a 52 week low of $48.01 and a 52 week high of $75.14. The firm’s fifty day moving average is $68.89 and its 200-day moving average is $64.68.

Dayforce (NYSE:DAY) last issued its quarterly earnings results 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 business had revenue of $481.60 million for the quarter, compared to analyst estimates of $481.22 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on DAY shares. UBS Group downgraded Dayforce from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 22nd. Stifel Nicolaus restated a “hold” rating and issued a $70.00 price target (down from $72.00) on shares of Dayforce in a research report on Friday, September 19th. Finally, Zacks Research lowered shares of Dayforce from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.36.

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.