Strs Ohio Trims Stock Position in Dayforce, Inc. $DAY

Strs Ohio trimmed its holdings in Dayforce, Inc. (NYSE:DAY) by 86.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,687 shares of the company’s stock after selling 24,015 shares during the quarter. Strs Ohio’s holdings in Dayforce were worth $254,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EdgePoint Investment Group Inc. lifted its holdings in shares of Dayforce by 17.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 16,244,490 shares of the company’s stock valued at $899,782,000 after buying an additional 2,383,969 shares during the period. Assenagon Asset Management S.A. lifted its holdings in 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 period. Vanguard Group Inc. boosted its position in Dayforce by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,648,163 shares of the company’s stock worth $977,532,000 after purchasing an additional 296,198 shares in the last quarter. Holocene Advisors LP boosted its position in Dayforce by 289.8% in the 2nd quarter. Holocene Advisors LP now owns 308,274 shares of the company’s stock worth $17,075,000 after purchasing an additional 229,185 shares in the last quarter. Finally, Sone Capital Management LLC grew its stake in shares of Dayforce by 152.6% during the 2nd quarter. Sone Capital Management LLC now owns 360,189 shares of the company’s stock worth $19,951,000 after purchasing an additional 217,576 shares during the period.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $68.87, for a total value of $137,740.00. Following the transaction, the chief operating officer directly owned 178,814 shares of the company’s stock, valued at approximately $12,314,920.18. This trade represents a 1.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey Scott Jacobs sold 500 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the sale, the insider owned 48,901 shares of the company’s stock, valued at approximately $3,391,773.36. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.50% of the company’s stock.

Dayforce Stock Performance

NYSE:DAY opened at $68.94 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $11.03 billion, a PE ratio of -73.34, a P/E/G ratio of 2.12 and a beta of 1.18. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $72.28. The company has a fifty day moving average of $69.22 and a two-hundred day moving average of $66.99.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DAY shares. UBS Group cut shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. Zacks Research upgraded shares of Dayforce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.36.

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