NorthRock Partners LLC Invests $238,000 in Dayforce Inc (NYSE:DAY)

NorthRock Partners LLC bought a new position in Dayforce Inc (NYSE:DAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,275 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce in the fourth quarter worth $61,000. Federated Hermes Inc. acquired a new stake in shares of Dayforce in the fourth quarter worth $72,000. AlphaQuest LLC boosted its position in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after buying an additional 1,036 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after acquiring an additional 501 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Dayforce during the fourth quarter worth $217,000.

Dayforce Price Performance

NYSE DAY opened at $60.01 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The stock’s 50-day moving average is $56.54 and its two-hundred day moving average is $66.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The firm has a market cap of $9.59 billion, a P/E ratio of 545.60, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DAY. BMO Capital Markets increased their price objective on Dayforce from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. KeyCorp cut their price objective on Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Mizuho cut their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Finally, Piper Sandler cut their price objective on Dayforce from $83.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Dayforce has an average rating of “Moderate Buy” and a consensus target price of $71.54.

Insider Buying and Selling at Dayforce

In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the transaction, the executive vice president now owns 150,237 shares in the company, valued at $8,509,423.68. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

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.