Dayforce, Inc. $DAY Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Dayforce, Inc. (NYSE:DAY) by 38.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,272 shares of the company’s stock after acquiring an additional 1,193 shares during the quarter. GAMMA Investing LLC’s holdings in Dayforce were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DAY. SVB Wealth LLC purchased a new position in Dayforce in the first quarter valued at $30,000. National Pension Service lifted its holdings in shares of Dayforce by 74.5% in the 1st quarter. National Pension Service now owns 541 shares of the company’s stock valued at $32,000 after purchasing an additional 231 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Dayforce by 196.9% in the 1st quarter. Mather Group LLC. now owns 962 shares of the company’s stock valued at $56,000 after purchasing an additional 638 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Dayforce by 15.6% in the 1st quarter. Covestor Ltd now owns 1,430 shares of the company’s stock valued at $83,000 after purchasing an additional 193 shares during the last quarter. Finally, Groupe la Francaise acquired a new position in Dayforce in the 1st quarter valued at about $143,000.

Dayforce Stock Performance

Shares of NYSE DAY opened at $68.88 on Friday. Dayforce, Inc. has a 12-month low of $48.01 and a 12-month high of $82.69. The company has a market cap of $11.00 billion, a PE ratio of 229.59, a P/E/G ratio of 2.54 and a beta of 1.14. The stock has a 50 day simple moving average of $63.59 and a 200-day simple moving average of $59.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $457.83 million. Dayforce had a return on equity of 7.37% and a net margin of 2.65%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, equities research analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current year.

Insider Buying and Selling at Dayforce

In other news, EVP Samer Alkharrat sold 4,659 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $59.69, for a total transaction of $278,095.71. Following the transaction, the executive vice president directly owned 127,632 shares in the company, valued at $7,618,354.08. The trade was a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William Everett Mcdonald sold 2,059 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $113,265.59. Following the transaction, the executive vice president owned 103,684 shares in the company, valued at approximately $5,703,656.84. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,718 shares of company stock valued at $639,281 in the last three months. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DAY. Stifel Nicolaus restated a “hold” rating and issued a $70.00 price target (down previously from $72.00) on shares of Dayforce in a research report on Friday, September 19th. Wells Fargo & Company raised Dayforce from a “strong sell” rating to an “equal weight” rating and boosted their price target for the stock from $50.00 to $70.00 in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Dayforce from $60.00 to $70.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. Jefferies Financial Group increased their price target on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 21st. Finally, Citigroup lowered Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.