Insider Selling: Dayforce (NYSE:DAY) Insider Sells 500 Shares of Stock

Dayforce, Inc. (NYSE:DAY) insider Jeffrey Scott Jacobs sold 500 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the transaction, the insider directly owned 48,901 shares in the company, valued at $3,391,773.36. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dayforce Price Performance

DAY stock traded up $0.03 during trading on Wednesday, reaching $69.36. 2,461,833 shares of the company were exchanged, compared to its average volume of 3,159,741. Dayforce, Inc. has a 52-week low of $48.01 and a 52-week high of $74.03. 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 company has a market cap of $11.10 billion, a P/E ratio of -73.78, a PEG ratio of 2.12 and a beta of 1.18. The stock’s 50 day moving average price is $69.20 and its 200 day moving average price is $66.61.

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 the consensus estimate of $0.56 by ($0.19). The firm had revenue of $481.60 million for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.47 EPS. As a group, analysts predict that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 29th. Zacks Research raised shares of Dayforce from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. UBS Group lowered shares of Dayforce from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dayforce in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dayforce by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,089 shares of the company’s stock valued at $938,000 after acquiring an additional 559 shares during the period. United Services Automobile Association bought a new stake in shares of Dayforce during the first quarter valued at about $251,000. Public Employees Retirement System of Ohio lifted its holdings in Dayforce by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 47,668 shares of the company’s stock worth $2,640,000 after purchasing an additional 1,022 shares during the period. Patton Fund Management Inc. bought a new position in Dayforce in the 2nd quarter valued at about $211,000. Finally, QRG Capital Management Inc. acquired a new position in Dayforce during the 2nd quarter valued at about $245,000.

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. The company also provides payroll and payroll-related services; and implementation and professional services.