Dayforce (NYSE:DAY) Major Shareholder Price Rowe Associates Inc /M Sells 10,147 Shares

Dayforce, Inc. (NYSE:DAY) major shareholder Price Rowe Associates Inc /M sold 10,147 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $68.74, for a total value of $697,504.78. Following the sale, the insider directly owned 24,743,271 shares in the company, valued at $1,700,852,448.54. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Dayforce Trading Down 0.1%

DAY opened at $68.70 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of -73.08, a PEG ratio of 2.53 and a beta of 1.20. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69. The stock has a fifty day moving average price of $68.86 and a 200-day moving average price of $61.65.

Dayforce (NYSE:DAY) last posted its 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 company had revenue of $481.60 million during the quarter, compared to analysts’ expectations of $481.22 million. Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. Dayforce’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities research analysts anticipate that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dayforce

A number of large investors have recently made changes to their positions in DAY. Resona Asset Management Co. Ltd. raised its stake in Dayforce by 9.4% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 1,897 shares of the company’s stock worth $131,000 after acquiring an additional 163 shares during the last quarter. Xponance Inc. increased its holdings in shares of Dayforce by 0.8% in the first quarter. Xponance Inc. now owns 22,673 shares of the company’s stock valued at $1,323,000 after purchasing an additional 179 shares during the period. Covestor Ltd increased its holdings in shares of Dayforce by 15.6% in the first quarter. Covestor Ltd now owns 1,430 shares of the company’s stock valued at $83,000 after purchasing an additional 193 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Dayforce by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock worth $1,103,000 after purchasing an additional 196 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Dayforce by 3.5% during the first quarter. HighTower Advisors LLC now owns 5,931 shares of the company’s stock worth $346,000 after purchasing an additional 203 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Mizuho set a $70.00 price target on shares of Dayforce in a report on Friday, August 22nd. Citigroup lowered Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, September 17th. Jefferies Financial Group raised their price objective on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company upgraded Dayforce from a “strong sell” rating to an “equal weight” rating and boosted their target price for the stock from $50.00 to $70.00 in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, Dayforce has an average rating of “Hold” and a consensus target price 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.