Blueshift Asset Management LLC Sells 17,826 Shares of Dayforce Inc (NYSE:DAY)

Blueshift Asset Management LLC cut its position in Dayforce Inc (NYSE:DAY - Free Report) by 84.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,208 shares of the company's stock after selling 17,826 shares during the quarter. Blueshift Asset Management LLC's holdings in Dayforce were worth $233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Dayforce in the third quarter worth approximately $51,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Dayforce in the 4th quarter valued at $61,000. AlphaQuest LLC increased its stake in Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after acquiring an additional 501 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Dayforce during the third quarter worth approximately $179,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Barclays decreased their target price on Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $67.00 to $68.00 in a report on Friday, March 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their target price on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $77.86.

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Dayforce Stock Performance

NYSE DAY traded up $0.04 during trading hours on Thursday, hitting $59.71. 1,192,028 shares of the company's stock traded hands, compared to its average volume of 1,681,527. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The firm has a market capitalization of $9.45 billion, a P/E ratio of 542.83, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The business's fifty day moving average price is $63.72 and its two-hundred day moving average price is $67.88.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Equities research analysts predict that Dayforce Inc will post 1.48 EPS for the current year.

Insiders Place Their Bets

In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.90% of the stock is currently owned by insiders.

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.