Dayforce, Inc. $DAY Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its stake in Dayforce, Inc. (NYSE:DAY) by 1,126.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,653 shares of the company’s stock after purchasing an additional 66,731 shares during the period. Squarepoint Ops LLC’s holdings in Dayforce were worth $4,024,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Greenland Capital Management LP purchased a new position in shares of Dayforce in the 2nd quarter valued at about $3,264,000. Charles Schwab Investment Management Inc. raised its holdings in Dayforce by 3.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock valued at $83,429,000 after acquiring an additional 45,623 shares in the last quarter. Andra AP fonden lifted its stake in Dayforce by 799.6% in the second quarter. Andra AP fonden now owns 35,578 shares of the company’s stock worth $1,971,000 after acquiring an additional 31,623 shares during the last quarter. Future Fund LLC acquired a new position in Dayforce during the 2nd quarter worth approximately $928,000. Finally, Catalyst Funds Management Pty Ltd increased its position in shares of Dayforce by 112.5% in the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 11,900 shares of the company’s stock valued at $659,000 after purchasing an additional 6,300 shares during the last quarter.

Insider Buying and Selling at Dayforce

In related news, EVP Samer Alkharrat sold 3,233 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $68.55, for a total transaction of $221,622.15. Following the completion of the sale, the executive vice president owned 117,934 shares in the company, valued at $8,084,375.70. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $130,494.00. Following the completion of the transaction, the executive vice president owned 101,772 shares in the company, valued at approximately $6,945,939. This represents a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 74,179 shares of company stock valued at $5,081,560. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Dayforce to a “strong-buy” rating in a report on Tuesday, August 19th. Zacks Research cut Dayforce from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. William Blair cut Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft increased their price objective on Dayforce from $60.00 to $70.00 and gave the company a “hold” rating in a report on Friday, August 22nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $70.00 target price (up previously from $67.00) on shares of Dayforce in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.36.

Dayforce Stock Up 0.1%

DAY opened at $69.30 on Tuesday. Dayforce, Inc. has a one year low of $48.01 and a one year high of $78.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $11.09 billion, a P/E ratio of -73.72, a price-to-earnings-growth ratio of 2.68 and a beta of 1.20. The business’s 50-day simple moving average is $68.75 and its 200-day simple moving average is $64.06.

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

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.