Aberdeen Group plc Has $542,000 Stock Position in Dayforce, Inc. $DAY

Aberdeen Group plc decreased its stake in shares of Dayforce, Inc. (NYSE:DAY) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,780 shares of the company’s stock after selling 1,846 shares during the quarter. Aberdeen Group plc’s holdings in Dayforce were worth $542,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DAY. Xponance Inc. increased its holdings in shares of Dayforce by 0.8% during the 1st quarter. Xponance Inc. now owns 22,673 shares of the company’s stock worth $1,323,000 after acquiring an additional 179 shares during the last quarter. Covestor Ltd increased its holdings 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 during the last quarter. HighTower Advisors LLC increased its holdings in shares of Dayforce by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 5,931 shares of the company’s stock worth $346,000 after acquiring an additional 203 shares during the last quarter. National Pension Service increased its holdings 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 during the last quarter. Finally, CWM LLC increased its holdings in shares of Dayforce by 7.6% during the 1st quarter. CWM LLC now owns 3,675 shares of the company’s stock worth $214,000 after acquiring an additional 258 shares during the last quarter.

Dayforce Price Performance

Shares of DAY stock opened at $68.28 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The company has a market cap of $10.90 billion, a P/E ratio of 227.61, a P/E/G ratio of 2.52 and a beta of 1.17. The business has a fifty day simple moving average of $67.16 and a 200 day simple moving average of $60.43.

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

Insider Transactions at Dayforce

In other news, EVP William Everett Mcdonald sold 1,912 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $68.25, for a total value of $130,494.00. Following the transaction, the executive vice president owned 101,772 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $68.95, for a total value of $137,900.00. Following the completion of the transaction, the chief operating officer owned 186,811 shares in the company, valued at $12,880,618.45. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,302 shares of company stock worth $1,212,928 in the last three months. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler raised Dayforce to a “strong-buy” rating in a report on Tuesday, August 19th. Stifel Nicolaus restated a “hold” rating and issued a $70.00 price target (down from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Barclays boosted their price target on Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 22nd. BMO Capital Markets restated a “market perform” rating and issued a $70.00 price target (up from $67.00) on shares of Dayforce in a research note on Friday, August 22nd. Finally, TD Cowen downgraded Dayforce from a “buy” rating to a “hold” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Dayforce currently has an average rating of “Hold” and a consensus price target of $70.36.

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.