Versor Investments LP Has $615,000 Position in Dayforce, Inc. $DAY

Versor Investments LP grew its position in Dayforce, Inc. (NYSE:DAY) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,098 shares of the company’s stock after purchasing an additional 1,498 shares during the period. Versor Investments LP’s holdings in Dayforce were worth $615,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in Dayforce in the first quarter worth $30,000. Assetmark Inc. raised its holdings in Dayforce by 701.4% in the second quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after purchasing an additional 491 shares during the period. National Pension Service raised its holdings in Dayforce by 74.5% in the first quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 shares during the period. Covestor Ltd raised its holdings in Dayforce by 15.6% in the first quarter. Covestor Ltd now owns 1,430 shares of the company’s stock worth $83,000 after purchasing an additional 193 shares during the period. Finally, Groupe la Francaise acquired a new stake in Dayforce in the first quarter worth $143,000.

Wall Street Analyst Weigh In

DAY has been the topic of several analyst reports. KeyCorp lowered shares of Dayforce from an “overweight” rating to a “sector weight” rating in a report on Friday, August 22nd. Piper Sandler upgraded shares of Dayforce to a “strong-buy” rating in a report on Tuesday, August 19th. Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. William Blair lowered shares of Dayforce from an “outperform” rating to a “hold” rating in a report on Wednesday, August 20th. Finally, Barclays raised their price objective on shares of Dayforce from $61.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.36.

Insider Buying and Selling at Dayforce

In related news, COO Stephen H. Holdridge sold 2,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $12,880,618.45. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Price T. Rowe Associates Inc /M sold 39,558 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $68.45, for a total transaction of $2,707,745.10. Following the completion of the transaction, the insider directly owned 24,753,418 shares of the company’s stock, valued at approximately $1,694,371,462.10. This trade represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 74,179 shares of company stock worth $5,081,720 in the last three months. 4.50% of the stock is currently owned by company insiders.

Dayforce Trading Down 0.1%

Shares of NYSE:DAY opened at $68.70 on Tuesday. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $68.86 and its 200 day simple moving average is $61.65. 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 (NYSE:DAY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). Dayforce had a positive return on equity of 6.54% and a negative net margin of 7.91%.The company had revenue of $481.60 million for the quarter, compared to analyst estimates of $481.22 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

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.