OMERS ADMINISTRATION Corp Lowers Holdings in Dayforce, Inc. $DAY

OMERS ADMINISTRATION Corp reduced its position in shares of Dayforce, Inc. (NYSE:DAY) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,373 shares of the company’s stock after selling 902 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Dayforce were worth $313,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DAY. SVB Wealth LLC purchased a new stake in shares of Dayforce during the 1st quarter worth about $30,000. National Pension Service boosted its stake in shares of Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after acquiring an additional 231 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Dayforce by 196.9% during the 1st quarter. Mather Group LLC. now owns 962 shares of the company’s stock worth $56,000 after acquiring an additional 638 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company’s stock worth $83,000 after acquiring an additional 193 shares in the last quarter. Finally, Groupe la Francaise purchased a new stake in shares of Dayforce during the 1st quarter worth about $143,000.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total value of $110,020.00. Following the completion of the sale, the chief operating officer owned 190,811 shares in the company, valued at approximately $10,496,513.11. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samer Alkharrat sold 4,659 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 127,632 shares of the company’s stock, valued at approximately $7,618,354.08. This trade represents a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,382 shares of company stock worth $539,860. Insiders own 4.50% of the company’s stock.

Dayforce Stock Down 0.0%

DAY stock opened at $69.47 on Thursday. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 231.56, a PEG ratio of 2.60 and a beta of 1.14. 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, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69. The firm has a 50-day moving average of $59.33 and a two-hundred day moving average of $58.36.

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

Analyst Ratings Changes

Several research firms have recently issued reports on DAY. UBS Group increased their target price on shares of Dayforce from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. Citigroup upped their price target on shares of Dayforce from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. BMO Capital Markets restated a “market perform” rating and set a $70.00 price target (up previously from $67.00) on shares of Dayforce in a research report on Friday, August 22nd. William Blair downgraded shares of Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Needham & Company LLC downgraded shares of Dayforce from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.43.

Dayforce 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.