Retireful LLC Makes New Investment in Dayforce, Inc. $DAY

Retireful LLC acquired a new stake in shares of Dayforce, Inc. (NYSE:DAY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,673 shares of the company’s stock, valued at approximately $666,000.

Other large investors have also made changes to their positions in the company. CWM LLC increased its position in shares of Dayforce by 20.0% during the 3rd quarter. CWM LLC now owns 6,301 shares of the company’s stock worth $434,000 after purchasing an additional 1,052 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Dayforce by 3.2% during the third quarter. Pacer Advisors Inc. now owns 28,682 shares of the company’s stock worth $1,976,000 after buying an additional 899 shares in the last quarter. Czech National Bank increased its holdings in shares of Dayforce by 3.8% during the third quarter. Czech National Bank now owns 40,559 shares of the company’s stock worth $2,794,000 after buying an additional 1,475 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dayforce by 1,055.0% in the third quarter. Assenagon Asset Management S.A. now owns 567,796 shares of the company’s stock valued at $39,115,000 after acquiring an additional 518,636 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Dayforce by 16.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,961 shares of the company’s stock worth $342,000 after acquiring an additional 689 shares in the last quarter.

Dayforce Stock Performance

Shares of DAY opened at $69.19 on Monday. The firm has a market cap of $11.07 billion, a P/E ratio of -73.61, a PEG ratio of 2.76 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $75.14. The firm’s 50 day moving average price is $68.89 and its two-hundred day moving average price is $64.68.

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

Wall Street Analyst Weigh In

DAY has been the topic of a number of recent analyst reports. UBS Group lowered Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Citigroup lowered Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Wednesday, September 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 price target (down previously from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Finally, Zacks Research cut Dayforce from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.36.

Insider Activity

In related news, EVP William Everett Mcdonald sold 1,912 shares of Dayforce stock in a transaction dated Wednesday, October 15th. The stock was 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 trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Price T. Rowe Associates Inc /M sold 10,147 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $68.74, for a total value of $697,504.78. Following the transaction, the insider directly owned 24,743,271 shares in the company, valued at approximately $1,700,852,448.54. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 70,947 shares of company stock worth $4,859,263. 4.50% of the stock is owned by insiders.

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