Mariner LLC Sells 57,970 Shares of Dayforce Inc (NYSE:DAY)

Mariner LLC reduced its position in Dayforce Inc (NYSE:DAY - Free Report) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,933 shares of the company's stock after selling 57,970 shares during the quarter. Mariner LLC owned 0.10% of Dayforce worth $11,762,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Dayforce in the 3rd quarter valued at about $11,135,000. Smartleaf Asset Management LLC increased its holdings in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after buying an additional 501 shares during the period. Retirement Systems of Alabama bought a new position in Dayforce in the third quarter worth approximately $2,105,000. SG Americas Securities LLC lifted its holdings in Dayforce by 167.7% during the fourth quarter. SG Americas Securities LLC now owns 19,322 shares of the company's stock worth $1,404,000 after buying an additional 12,103 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Dayforce by 31.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock valued at $1,398,000 after acquiring an additional 4,596 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAY. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Mizuho decreased their price target on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday. Citigroup cut their price objective on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Scotiabank cut their price target on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a report on Monday, March 17th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $76.79.

Insider Activity at Dayforce

In related news, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by insiders.

Dayforce Trading Down 1.5 %

Dayforce stock opened at $54.16 on Friday. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The stock has a 50-day moving average price of $58.52 and a 200 day moving average price of $67.28. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20.

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%. Sell-side analysts anticipate that Dayforce Inc will post 1.48 EPS for the current year.

Dayforce Company 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.

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