Simon Quick Advisors LLC Sells 2,104 Shares of Dayforce, Inc. $DAY

Simon Quick Advisors LLC trimmed its stake in Dayforce, Inc. (NYSE:DAY) by 29.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,922 shares of the company’s stock after selling 2,104 shares during the period. Simon Quick Advisors LLC’s holdings in Dayforce were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DAY. EdgePoint Investment Group Inc. raised its stake in shares of Dayforce by 55.0% in the 1st quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company’s stock valued at $808,484,000 after acquiring an additional 4,918,825 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dayforce by 9.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company’s stock worth $969,470,000 after buying an additional 1,387,943 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dayforce by 36.0% during the first quarter. Invesco Ltd. now owns 3,583,632 shares of the company’s stock worth $209,033,000 after buying an additional 948,436 shares during the last quarter. Nuveen LLC bought a new position in Dayforce during the first quarter worth $28,416,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in Dayforce by 27.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 960,484 shares of the company’s stock worth $56,025,000 after acquiring an additional 208,078 shares during the period.

Dayforce Price Performance

Shares of DAY stock opened at $68.70 on Tuesday. The stock’s fifty day simple moving average is $68.86 and its 200 day simple moving average is $61.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of -73.08, a P/E/G ratio of 2.53 and a beta of 1.20. Dayforce, Inc. has a one year low of $48.01 and a one year high of $82.69.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.19). The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $481.22 million. Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. Dayforce’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

DAY has been the topic of a number of research reports. Mizuho set a $70.00 target price on shares of Dayforce in a research report on Friday, August 22nd. Wells Fargo & Company raised shares of Dayforce from a “strong sell” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $70.00 in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dayforce in a research report on Thursday, October 30th. KeyCorp lowered shares of Dayforce from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 22nd. Finally, Piper Sandler raised Dayforce to a “strong-buy” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.36.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $68.25, for a total value of $136,500.00. Following the sale, the chief operating officer owned 184,811 shares of the company’s stock, valued at $12,613,350.75. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Everett Mcdonald sold 1,912 shares of the business’s 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 directly owned 101,772 shares in the company, valued at approximately $6,945,939. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 74,179 shares of company stock worth $5,081,720 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.