Rhumbline Advisers Reduces Holdings in Dayforce Inc (NYSE:DAY)

Rhumbline Advisers cut its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,011 shares of the company's stock after selling 3,849 shares during the quarter. Rhumbline Advisers owned about 0.17% of Dayforce worth $19,468,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce during the third quarter valued at $40,000. Quarry LP purchased a new stake in shares of Dayforce during the third quarter valued at $51,000. Blue Trust Inc. purchased a new stake in shares of Dayforce during the third quarter valued at $91,000. Signaturefd LLC purchased a new stake in shares of Dayforce during the third quarter valued at $96,000. Finally, US Bancorp DE grew its holdings in shares of Dayforce by 66.3% during the third quarter. US Bancorp DE now owns 2,363 shares of the company's stock valued at $145,000 after buying an additional 942 shares during the last quarter.

Insider Buying and Selling

In related news, CEO David D. Ossip sold 858,697 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now owns 794,527 shares of the company's stock, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares of the company's stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.

Dayforce Price Performance

Shares of Dayforce stock traded down $2.56 during trading hours on Friday, reaching $64.72. The stock had a trading volume of 2,006,794 shares, compared to its average volume of 1,791,117. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. 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 stock's 50 day moving average is $70.79 and its 200 day moving average is $67.25. The firm has a market capitalization of $10.21 billion, a PE ratio of 588.42, a PEG ratio of 2.49 and a beta of 1.26.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on DAY. Mizuho boosted their price objective on shares of Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 target price (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Jefferies Financial Group decreased their target price on shares of Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of Dayforce from $80.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, Scotiabank decreased their target price on shares of Dayforce from $75.00 to $72.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dayforce currently has an average rating of "Moderate Buy" and an average target price of $78.64.

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.