Three Seasons Wealth LLC Takes $341,000 Position in Dayforce Inc (NYSE:DAY)

Three Seasons Wealth LLC bought a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,690 shares of the company's stock, valued at approximately $341,000.

Several other institutional investors have also recently added to or reduced their stakes in DAY. Harvest Fund Management Co. Ltd purchased a new stake in Dayforce during the fourth quarter worth approximately $61,000. Federated Hermes Inc. purchased a new stake in Dayforce in the fourth quarter valued at approximately $72,000. AlphaQuest LLC lifted 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 buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 buying an additional 501 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Dayforce by 52.1% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $213,000 after buying an additional 1,002 shares during the last quarter.

Dayforce Price Performance

Shares of NYSE DAY traded down $0.56 during midday trading on Monday, hitting $57.25. The company had a trading volume of 1,065,281 shares, compared to its average volume of 1,755,024. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The business has a 50-day simple moving average of $57.20 and a two-hundred day simple moving average of $67.10. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 520.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DAY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. KeyCorp reduced their price objective on Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reduced their price objective on Dayforce from $80.00 to $75.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Barclays dropped their target price on Dayforce from $69.00 to $61.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and boosted their target price for the company from $67.00 to $68.00 in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.86.

Insiders Place Their Bets

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the transaction, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by company 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.